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The government has announced an increase of over 40% in charge point grant amounts. This will mean that businesses, landlords and renters could save up to £500 when installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350.
The uplift 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 eight grant types down to five, which should make the system easier to navigate.
The electric car grant, which provides a discount on buying an EV, continues to be available. This can offer savings of up to £3,750.
Support is also available through local authorities for residents who do not 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 continue to receive preferential tax treatment, and this may also be worth exploring if you are considering buying a new vehicle.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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