As the deadline for the ban on the sale of combustion-engine vehicles looms, more UK residents are starting to switch to electric cars. At the same time, the UK government is offering subsidies and grants to entice consumers to purchase electric cars. The grants and subsidies already exist, but there are changes in the 2020 spring budget.
Discounts on low emission cars
Transport electrification is one of the big projects of the UK government. Purchasers of EVs do not have to worry as the government still offers discounts on the purchase of brand new electric cars through manufacturers and car dealerships. The grant provides a maximum of £3,000 when you purchase a green car, although the price of the car should not exceed £50,000.
EV charging incentives
Companies and individuals thinking of purchasing electric vehicles for the first time are aware of the UK government’s incentive and grants available. But few consumers are fully aware that similar programs exist for places to charge these EVs.
Consumers should know that using a workplace or home charging point still offers the most savings when they own an electric vehicle, depending on the electricity tariff in the location.
Home charging incentive
However, consumers have to decide to purchase an EV because the grants will not be available for long, and the amount is shrinking. The EV Homecharge Scheme (EVHS) began in 2010. It started with a grant of £1000. Beginning in April 2020, the level went down to £350.
Workplace charging incentive
Businesses have similar incentives. The Workplace Charge Scheme is for companies that offer to charge its fleet and employees’ cars. When the WCS started, the grant was £500 per socket, and the company could purchase and install up to 20 charging stations. As of April 2020, the grant is £350, although the company can claim grants for a maximum of 40 charging sockets.
Decision time for businesses
The Office for Low Emission Vehicles (OLEV) is saying that the grants will not be forever; therefore, businesses should prepare for the influx of electric cars. The installation of charging points is the workplace offers them many benefits.
Aside from the savings they are going to realise from the UK government grants, they will have savings on fuel and maintenance costs of company cars. The workplace charging points will allow employees to charge their vehicles and minimise carbon footprint.
Companies offering EV charging facilities make workplaces better for employees and provide premium service to their visitors, clients and other groups they will allow using their charging stations.
Companies should ensure that they work with professionals, such as Power-EV.co.uk for the installation of charging points across their sites. This is to make sure that they are installing the correct outlets for the different types of electric cars and their charging requirements. Likewise, hiring a professional group sees to it that they are installing sockets that employ the latest technology.
The UK government has not made any announcement about when the grants and subsidies for EV purchase and installation of charging points will end. Get them right now so you have the technology in place before the time comes.