Has your business considered installing electric vehicle charging points? If so, now could be the perfect time to do so. Your business could receive support worth up to £14,000*
With more electric vehicles now appearing on our roads, your business needs to start looking to the future. Indeed, 1 in 4 consumers say they are planning to buy an electric or plug-in hybrid vehicle in the next 5 years, with this number only set to increase over the next few decades as we approach the 2030 ban on the sale of new internal combustion vehicles.
Despite these forecasts, however, the lack of charging points still represents a considerable barrier to the uptake of electric vehicles. That’s why Ofgem is investing £300m into installing more EV charging points. Part of a wider investment plan to improve the countries EV infrastructure and to help secure the UK’s green energy network, your business or organisation could be a part of this green revolution with the new Workplace Charging Scheme.
The Workplace Charging Scheme is a grant designed to encourage businesses, charities, and public authorities to install electric charging points at their place of work, offering financial support worth up to £350 per socket for up to 40 sockets (£14,000 in total). The WCS grant will ultimately reduce the cost of purchasing and installing EV charging points by 75%, making it a significantly more affordable project for businesses and organisations up and down the country.
Any business, charity or public sector organisation can apply as long as they meet some basic criteria:
While many people see electric cars as something of the near-distant future, there are, in fact, many benefits to installing electric charging points right now. Here are just a few:
Offer Electric Charging to Employees and Customers
With more of your employees or customers likely to start using electric vehicles in the future, your business can take advantage of this generous grant scheme to ensure they always have the charge they need to get from A to B. Your own on-site charging points will also come in handy if your business is looking to offer electric company cars or operate an electric fleet of vehicles.
Do Your Bit for the Environment
Traditional vehicles can be a huge source of air pollution, releasing carbon monoxide hydrocarbons and nitrogen oxides into the atmosphere, as well as contributing to global warming in the long term. When paired with green energy such as solar and wind, electric cars can help to reduce air pollution and are overall better for our health and planet.
Lower Tax on Company Cars
If you do decide to offer electric vehicles to employees as company cars, you’ll not only be helping to save the planet but will also benefit from a lower Benefit-in-Kind (BiK) rate of just 1% for 2021/22 and 2% for 2022/23, a considerable decrease from around the 14%-30% rate for hybrid, petrol, and diesel vehicles.
Promote Your Brand
When you install an electric vehicle charging point at your workplace, you can
personalised this new facility with your company branding, ensuring your customers and employees know that your business is doing its bit for the environment, as well as helping to act as a means of promoting your business to the public.
If your business is looking to get ahead of the game with electric charging point installation, get in touch with Tariff.com today. Our expert consultants can help guide you through the whole process, handling everything from initial enquiries right through to installation and maintenance support. With our industry network, we can connect you with the specialists you need to get your EV charging stations installed, as well as ensuring you benefit fully from the WCS grant scheme.
*Based on installing 40 sockets with a grant of £350 per socket
At Tariff, we’ve made a firm commitment to helping businesses of all sizes and industries go net-zero ahead of the Government’s 2050 target. As one of the UK’s leading energy switch providers, we’re in the ideal position to prepare your business for the future.
Whether you’re uncertain of how net-zero policies will impact your business, or you’re seeking a more affordable solution for your business’ green energy needs, we’ll provide a bespoke package that covers everything from finding the right provider, to organising all the paperwork, to finalising that switch over.
Get in touch today to find out more about how Tariff can help your business begin its green journey.