OZEV GRANT SCHEME
A big incentive to encourage the masses to make the switch to electric is the funding options provided by OZEV, the Office for Zero Emission Vehicles. These grants are available to help business and residential properties with the cost of installing EV chargepoints.
The OZEV grant scheme can provide up to 75% of the cost of installing an EV chargepoint, capped at £350 per socket. You are able to have multiple chargepoints installed under a single grant, and the grants are available for renters, landlords and businesses. Check your OZEV grant eligibility with our quick online quiz.
It’s important to note that the OZEV government grant is constantly evolving, with new businesses and funding levels announced in 2022. If you find that you aren’t eligible now for any funding, you may be able to claim in the future.
Bear in mind that business types can also be dropped and the funding amount can lower as the grant changes. In April 2022, homeowners were removed from the eligibility criteria and can no longer claim under the grant. As the EV industry continues to expand, the government won’t continue to subsidise it, so if you are currently eligible for OZEV funding, act now to secure your savings.