Whether you already own an electric vehicle (EV) or are considering purchasing one for the first time, home charging is very important. While some people prefer to test an EV before installing a charge point at home, others go all-in from the start. Most people in the UK charge their electric vehicles at home, making it a critical issue. If you’re considering purchasing an electric car charger, home installation does not have to be frightening or hard, nor is it expensive. After reading this article, you will find out the answer to the question: How much is the government electric vehicle charging grant?
Electric vehicles are sweeping the country. As more people opt for electric vehicles, charging stations in public parking lots and supermarkets are constantly increasing. Additionally, there are several financial incentives.
If you’re considering purchasing a brand-new electric vehicle, you can save up to £2,500 with a grant from The Office for Low Emission Vehicles (OLEV). Additionally, the government offers different subsidies, tax incentives, and discounts to encourage people to switch to zero-emission transportation.
The UK has also advanced its prohibition on new fossil-fuel vehicles to 2030 to accelerate the use of electric vehicles. It is one of several new clean energy initiatives to catalyze a green economic rebound after the coronavirus outbreak.
Figures appear to indicate that this drive is effective. By the end of March 2021, the UK’s roads would have over 235,000 pure-electric vehicles and over 495,000 plug-in models (including plug-in hybrids).
The government attributes this to the fact that many eco-friendly vehicles are eligible for the Plug-in Car Grant.
WHAT IS THE PURPOSE OF THE ELECTRIC VEHICLE CHARGING GRANT?
If you’re considering purchasing a brand-new electric vehicle (EV), you can save up to £2,500 with the OLEV or Plug-In Car Grant. However, there are a variety of different EV incentives available, depending on the type of car. Automobiles, vans, motorbikes, mopeds, and taxis all qualify as qualifying vehicles.
GRANTS FOR OLEV WORKPLACE CHARGING
The OLEV workplace charging program comprises a government incentive for electric vehicles administered by the Low Emission Vehicles (OLEV).
You can get up to £350 per socket through the OLEV workplace award to help offset the cost of purchasing and installing electric vehicle charging stations in your business.
Learn more about the OLEV workplace charging award, the benefits it can provide for your organization, and how to determine if you qualify.
GRANTS FOR OLEV HOME CHARGING STATIONS
The OLEV home charging stipend is a government-funded program that the Office for Low Emission Vehicles administers (OLEV).
The OLEV home charging point subsidy covers up to 75% of the cost of installing electric vehicle home charging points.
You can learn more about the home charging point grant and how it can assist you in cost-effectively purchasing and installing a home charging point with your research.
HOW MUCH DOES AN ELECTRIC CAR’S HOME CHARGER COST?
According to the RAC, the average cost of a home charge point is roughly £800. They might be much more or less expensive, depending on the type. This may seem excessive, but the UK government is presently offering a grant of up to 75% of the cost of a new charge point, with a cap of £350.
As a result, you may pay less than £100 for a home charge point, with the typical cost being around £450. When you consider that converting from petrol to electric may save you roughly £1,400 per year if you drive 10,000 miles per year, the cost of your new charger might be covered in a matter of months.
THE COST OF INSTALLING AN ELECTRIC CAR PLUG POINT AT WORK
While installation is typically charged in addition to the cost of the plug point, you can claim up to £350 under the OLEV grant for your home or company. As indicated previously, electric power points on posts are typically more expensive, costing between £2500 and £5000 once the WCS grant is applied. A high-performance quick charger can cost upwards of £35,000. Your organization must obtain estimates from a variety of different manufacturers to determine your possibilities.
HOW MUCH ELECTRICITY DOES AN ELECTRIC VEHICLE CHARGER CONSUME?
Electric vehicles are powered by kilowatts, the same unit that electricity is measured in. Electric car batteries typically range in capacity from roughly 17kWh, as seen in the Smart ForTwo EQ, to 100kWh and beyond, as seen in the Tesla Model S Ludicrous Performance.
To get the time required to charge an EV from zero to 100 percent, simply divide the battery capacity by the charging rate. Typical home charge points operate at a speed of 7kW, although slower and faster options are available. This tells you how much energy a complete charge consumes.
To get the full charge cost, simply multiply your power bill by your car’s battery capacity. Numerous energy firms offer EV drivers pricing as low as 5p per kW during off-peak hours, and an increasing number can bring renewable energy to your home.
We hope this article is helpful and answers the question: How much is the government electric vehicle charging grant? At Trent VC we install and maintain charging points across several sights from residential charging points to company parking, services and more. If you’re interested in finding out more about our services or want to book a free survey contact us today.