Government electric car grants

Thanks to the Government’s new electric car grant, owning an electric car has become more affordable.

£650m has been allocated to this electric car scheme, so the grant could subsidise around 173,000 electric cars. That’s around half the number of new EVs bought in the UK in 2024.

Watch this space for details of the Škoda models eligible for the grant.

Many drivers are attracted by the lower running costs of an electric car but put off by the upfront cost. If you’re one of those people, then this grant could be great news, as you’ll save money both on buying a new car and on your everyday running costs. You could also save on tax.

In more good news, there’s no need to apply for a grant as the discount will be applied directly by retailers.

If your home has off-street parking, a wall-box can charge your electric vehicle faster than a standard 3-pin domestic plug. The Government offers a grant that supports the cost of the charger. The Electric Vehicle Homecharge Scheme supports up to 75% of the cost, capped at £350 including VAT, off the installation price. The electric vehicle home charge scheme grant is now only available to rental or leasehold properties.

This grant provides electric vehicle (EV) drivers with support towards the costs of the purchase and installation of EV chargepoints at residential properties if they are also installing a cross-pavement charging solution. An electric vehicle chargepoint grant can help towards the cost of installing an electric vehicle chargepoint socket at your property. You can get 75% off the cost to buy and install a socket, up to a maximum of £350.

Find out more about the scheme and how you can apply here.

If you want to encourage your employees to make the switch to electric, the Government will support £350 of the installation cost for every charge point you install (maximum of 40 chargepoints). What’s more, electric drivers won’t incur any Benefit in Kind charges for electricity used at work.