UK
Discover the key incentive policies in the UK designed to encourage the adoption of EV charging, solar power, and battery storage systems. This detailed guide provides an overview of various grants, tax incentives, and rebates available to businesses investing in green energy technologies. Stay updated with the latest information to optimize financial benefits and support your shift toward sustainable energy solutions. Utilize these incentives to improve your energy sustainability and operational efficiency.
EV Charging Incentives in the UK
As of 2024, the UK offers several incentives for electric vehicle (EV) charging to encourage the adoption of electric vehicles. Here’s an overview of some of the current incentives available:
What is the EV Charger Grant for Homes (EVHS)?
How Much Money Can You Save On The Electric Vehicle Homecharge Scheme(EVHS)？
What Are The Requirements For EVHS Grant?
What is the Workplace Charging Scheme (WCS)?
How Much Money Can You Save On The Workplace Charging Scheme (WCS)？
What Are The Requirements For WCS Grant?
What is the On-Street Residential Chargepoint Scheme (ORCS)
What is the Minimum Technical Specification for Residential chargepoints?
What is the Minimum Technical Specification for Commercial chargepoints?
What is the Tax Benefits for Chargepoints installation?
What is the EV Charger Grant for Homes (EVHS)
Individuals purchasing eligible EVs can receive a grant covering up to 75% of the cost of purchasing and installing a home EV charger, capped at £350, including VAT. This grant is also available for company and leased cars.
Workplace Charging Scheme (WCS)
This scheme offers a voucher-based system for businesses to cover up to 75% of the purchase and installation costs of EV chargers at workplaces, capped at £350 per charger for up to 40 sockets across all sites.
On-Street Residential Chargepoint Scheme (ORCS)
Aimed at local authorities, this scheme supports the installation of on-street EV chargers to help residents without access to off-street parking. It offers funding for 60% of the capital costs involved, up to £7,500 per installation, with a higher cap available if electrical connection costs are exceptionally high.
Plug-in Grants
While the plug-in car grant for passenger cars has ended, financial incentives continue for other types of vehicles. These include:
- Up to 35% off the list price for eligible electric vans, motorcycles, taxis, and trucks, with caps varying based on the vehicle type (e.g., £2,500 for small vans, £5,000 for larger vans).
Tax Benefits
There are significant tax advantages for both individuals and businesses, including exemption from Vehicle Excise Duty for EVs and a 100% first-year allowance for businesses installing charging infrastructure, which can be written off against their tax bill.
Link-Charging Smart AC Wallbox
Authorised Chargepoint Model List
The list states if chargepoints are eligible for:
- commercial grants
- residential grants
- both commercial and residential grants