Government Incentives and Grants
Despite higher upfront costs of EVs in comparison to your combustion engine counterparts, the long-term savings from reduced fuel and maintenance expenses make EVs financially appealing for businesses. The UK Government’s grant on low-emission and electric vehicles can significantly offset initial purchase costs for eligible vehicles, making the transition to electric fleets more accessible and cost-effective.
Small Vans – 35% of the purchase (maximum contribution of £2,500) for small vans with a gross weight of less than 2500kg and produce less than 50g per km of CO2 emissions. The vehicle must also be able to travel at least 60 miles without producing any emissions.
Large Vans – 35% of the purchase price (maximum contribution of £5,000) for large vans with a gross weight between 2500-4250kg and produce les than 50g per km of CO2 emissions. The vehicle must also be able to travel at least 60 miles without producing any emissions.
Additional grants such as the Electric Vehicles Homecharge Scheme (EVHS), Workplace Charging Scheme (WCS) or the On-street Residential ChargePoint Scheme (ORCS) may assist individuals and businesses with residential and commercial charging points.