The Department for Transport announced on 25 February that renters, flat owners, homeowners without driveways and businesses will be able to save up to £500 per charge point, thanks to an over 40% increase in charge point government grant funding.
The uplift will cover almost half the cost of a typical charge point installation until March 2027, helping more drivers access cheaper domestic electricity rates at home or work.
The following updates will be introduced from 1 April:
- people living in rented accommodation, flat owners, residential landlords, households with on-street parking and businesses will all be able to receive higher grants of up to £500 per charge point, rising from the previous discount of £350
- schools will be eligible for grants of up to £2,000 per socket, building on 3,700 sockets installed to date
Read more about the grant changes here.