Increased grants for EV Charger installations

Company Cars, News,

The government has announced increase of over 40% in charge point grant amounts enabling businesses, landlords and renters to save up to £500 on installing an electric vehicle (EV) charge point. 

Previously, the grant provided a discount of £350.

The increase could cover almost half the typical installation costs and make it easier for EV users to access cheaper electricity rates at home or work to charge their EV. Schools will also be eligible for grants of up to £2,000 per socket.

Updates to the scheme will also simplify the current EV charge point support schemes available by reducing the previous eight grant types to five, making the system easier to navigate.

The electric car grant, which provides a discount on buying an EV, remains available, offering savings of up to £3,750 on a range of vehicle models.

Support is also available through local authorities for residents who don’t have driveways to be able to install discreet, embedded pavement channels, meaning those with on street parking can install an EV charge point. This is in addition to the £500 installation grant.

EVs are definitely worth exploring if you’re considering a new vehicle, particularly for employees with a company car, although the tax advantages are less compelling following changes in 2025, with more to come in 2028. If you’re considering a change of vehicle and would like to discuss the options, please get in touch.

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