The UK government has announced an increase in grants available for installing electric vehicle (EV) charge points, with eligible households and businesses now able to receive up to £500 towards installation costs.

The support is aimed primarily at renters, flat owners, households without driveways and small businesses, helping make EV charging more accessible for people who cannot easily install a charger at home.

The increase represents around a 40% uplift in the maximum grant, with the scheme expected to run until March 2027. According to the government, the funding could cover close to half the cost of a typical charge point installation.

Lower charging costs for EV drivers

One of the main benefits of installing a home or workplace charger is access to cheaper electricity tariffs. Charging at home can significantly reduce running costs compared with petrol or diesel vehicles.

The government says some EV drivers may be able to power their vehicle for as little as 2p per mile when charging on cheaper domestic tariffs, particularly overnight EV rates.

While costs vary depending on electricity prices and the efficiency of the vehicle, official estimates suggest that drivers could save up to £1,400 a year in running costs compared with a similar petrol car when charging at home.

Addressing barriers to EV adoption

The changes form part of the government’s broader strategy to encourage more drivers to switch to electric vehicles.

Two of the most common concerns among drivers considering an EV are the upfront costs and access to reliable charging, particularly for people living in flats or homes without private driveways.

By increasing support for charge point installation, the government hopes to make EV ownership more practical for a wider range of households and businesses.

The move also sits alongside wider policies designed to support the transition to electric vehicles, including financial incentives to reduce the purchase cost of EVs and continued investment in the UK’s public charging network.

Thinking about installing an EV charger for your business?

If you run a business and are considering installing EV charging points for staff or company vehicles, it is worth understanding how grants and tax reliefs may apply.

At Inglis, we help business owners make sense of government incentives and ensure they are making the most of available tax reliefs and allowances.

If you would like advice on EV charging installations, capital allowances, or other ways to improve the efficiency of your business, call us on 01904 787 973 or book a call with our team.