What workplace EV charging grants are available for my business?

This blog will help you understand:

• What goes into the pricing of EV chargers

• What workplace EV charging grants are available

• How to start applying for these grants
  
  

How is EV charger pricing determined?

There are various factors that contribute to the pricing of EV chargers. Some factors include;

• Type of charger (rapid, fast, or slow)

• Model/brand of charger

• Number of units installed

• The installer you use

Of course, where possible, it would be encouraging to potential EV buyers if the government could subsidise these costs to an extent. Well, it appears that you’re in luck. Read on for an explanation of each grant available and information regarding eligibility criteria and the discounts offered.

What grants are available for EV chargers?
In order to encourage the uptake of electric vehicles and chargers across the UK, the government has several discounts available to both the public and to businesses. With a net-zero goal of 2050, these incentives have been introduced as a solution to the upfront costs involved in purchasing new electric vehicles and installing electric car charging points for business.

WORKPLACE CHARGING SCHEME (WCS)

Geared towards businesses rather than individual drivers, OZEV also offers the Workplace Charging Scheme (WCS). This workplace EV charging grant provides a discount on the purchase and installation of workplace charging stations as an incentive for staff members to transition towards driving electric vehicles.

To receive this workplace EV charging grant, applicants must successfully meet the criteria outlined on the government website, as well as having an eligible site for installation. A business, charity, or public sector organisation can claim for up to 75% off a maximum of 40 sockets, capped at £350 each - saving up to a whopping £14,000.

Commercial businesses can benefit in a variety of ways, and we have looked at some of them below:

EMPLOYEE PERKS

• Workplace charging will become crucial to many employees.
• Being able to charge at the workplace is a great benefit to employees and helps encourage the uptake in the use of electric cars.
• Workplace charging is a great model as employee cars are left idle for long periods of time during the day in office car parks and fleet vehicles overnight.
• Introducing workplace charging can be a great company perk. Happy employees are more productive and loyal to the company which has a positive impact on the working environment.

FINANCIAL SAVINGS

• Installing charging stations through the Workplace Charging Grant allows you to switch from petrol company cars to electric, the benefits of which are numerous but include massive cost savings.
• You can save more than £1,000 for every 10,000 miles driven in a commercial fleet as well as saving on employee fuel costs. It also eliminates the employee benefit in kind tax on a company car.

SUSTAINABILITY

• In society we are becoming more and more conscious of the environment. Electric cars produce fewer emissions through their lifecycle in comparison to conventional petrol or diesel cars.
• By creating a green fleet, you can reduce carbon emissions sending an eco-friendly message throughout your business.

ON-STREET RESIDENTIAL CHARGEPOINT SCHEME (ORCS)

If upon reading about the Electric Vehicle Homecharge Scheme you felt crestfallen to learn that you require off-street parking at your residence to be eligible, don’t fret. The On-street Residential Chargepoint Scheme (ORCS) offers funding towards 75% of the cost of procurement and installation of on-street EV chargers. 

Via the Energy Saving Trust, on behalf of OZEV, this scheme further supports the transition towards the UK’s net-zero goal and further encourage EV use. Local authorities, such as city councils, can apply for this scheme providing they have the appropriate permissions from the relevant highway authority. During the 2021 to 2022 financial year, the maximum ORCS funding that OZEV will fund per charge point unit has been increased to £13,000 to allow room for higher electricity connection costs.

Thanks to the various grants available via OZEV, ultimately, there’s a high chance that there is a solution to cushion the cost of purchasing an electric vehicle and installing an electric vehicle charging station. Whether this is off-street charging via the EVHS, public charging via the ORCS, or the home-based and workplace EV charging grants, there are many government-funded options available to encourage an electric Britain. If this has piqued your interest and you’d like to find out more about the discounts and grants available for EV charging, you can download the full guide below.

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