Companies will be able to save up to £500 when installing Electric Vehicle (EV) charge points, thanks to a 40% increase in charge point grants.
The uplift will cover almost half the cost of a typical charge point installation until March 2027, helping thousands more drivers access cheaper domestic electricity rates at work to power their car for as little as 2p per mile –equivalent to driving London to Birmingham for £3.50.
It’s the latest move to help tackle two of the biggest barriers to driving electric – upfront costs and worries about finding somewhere to charge.
Over 55,000 drivers have already saved thousands buying a new EV through the government’s £2 billion Electric Car Grant (ECG), which is offering savings of up to £3,750 across some of the biggest auto brands.
Aviation, Maritime and Decarbonisation Minister, Keir Mather said: “ Bigger grants mean families, flat owners, renters and small businesses can now install a charger for almost half the usual cost, with home charging costing as little as 2p a mile.
“Combined with our Electric Car Grant which has saved over 55,000 drivers thousands off the price of a new EV whilst boosting sales for carmakers, and record funding for our national public charging network, we’re backing the EV revolution for drivers, businesses, and industry.”
The updates will also simplify the current EV charge point support schemes available by reducing eight grant types down to five, streamlining the system so people can navigate and select schemes and discounts more easily.
The following updates will be introduced from 1 April 2026:
Eligible parties – including businesses – qualify for 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.
The government is also expanding the national 88,500 strong public charge point network. Councils will receive funding for the next three years to improve local charging infrastructure, alongside a government funded support service to make sure installations and locations best serve communities.
The Department for Transport also recently launched its new ‘Get that electric feeling’ campaign to help drive uptake in EVs by highlighting the benefits of going electric, including savings of up to £1,400 on running costs.
Tina McKenzie, Policy Chair, Federation of Small Businesses said: “Many small businesses want to switch to electric vehicles, with half of small businesses (51%) saying that more charging infrastructure would incentivise them to make the switch.
“Small firms want to cut their emissions and reduce their fuel bills and removing or lowering the barriers which currently tip the scales against electric vehicle adoption can only be a good thing – for small businesses, for the economy, and for the planet.”
