The funding was £500, why is it now £350?
Up until now, te OLEV grant was set at £500 for homes and businesses but for all installations taking place on or after 1st April 2020, the grant for these schemes will be set at £350 towards the cost of purchase and installation of a chargepoint at home through the electric vehicle homecharge scheme, and £350 towards a chargepoint socket at work through the workplace charging scheme.
The change in the grant will enable twice as many people to benefit from a grant (from 30,000 to 57,000 under the EVHS). This will support the expected increase in the update of electric vehicles.
The government is also pleased to announce 2 further changes of:
- we are extending who can benefit from the EVHS scheme to include larger electric motorbikes. Currently only electric cars and vans are eligible
- we are addressing the needs of businesses by doubling the number of sockets allowed under the workplace charging scheme from 20 to 40
To read the full report, visit https://www.gov.uk/government/news/update-on-the-infrastructure-grants-schemes