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Grants can help homeowners install electric vehicle charging stations at their properties

© Alexander Faustov

Electric vehicle charging stations are becoming more and more essential for electric vehicle owners, but how can they be made more accessible to owners?

The UK government’s ban on the sale of new combustion cars from 2030 is fueling a rise in electric vehicle (EV) adoption, but the growing popularity of EVs could be hampered if the country’s charging infrastructure fails. fails to provide efficient charging stations.

Over 190,000 electric vehicles were registered in the UK last year and the forecast is for over 280,000 in 2022, but in 2021 there were only around 25,000 charging stations in the UK . To give you an idea of ​​the scale of what is needed, it is estimated that up to 480,000 charging stations will be needed by 2030. Reaching this target is a daunting prospect.

Last year, the Competition and Markets Authority concluded a study on the electric vehicle charging market, calling for action “to combat the postcode lottery in electric vehicle charging as it approaches banning the sale of new petrol and diesel cars by 2030”.

EV charging sign on a road
© Lissoarte

Sharp increase in private charging stations

By highlighting the issues of implementing efficient public charging network infrastructure to meet projected demand by 2030, the CMA study unwittingly underscored the attractions and value of private charging stations.

Historically, public investments have been strongly oriented towards private charging stations.

Analysis of Department for Transport figures by campaign group FairCharge found that £104.5million had been spent on the Electric Vehicle Charging Scheme (EVHS) to provide owners with a subsidy of one worth £350 to install their own electric vehicle chargers.

In the same period, just £6.8m was spent on the Residential On-Street Charging (ORCS) scheme.

To put it more clearly, 237,000 domestic charging stations were installed thanks to subsidies, but only 2,038 public charging stations were installed during the same period.

The focus on private charging points continues, with EVHS being replaced by a grant scheme for landlords who rent, lease or manage residential or commercial properties and social housing providers.

Homeowners can get finance to cover 75% of the total cost of buying and installing an Office for Zero Emission Vehicles (OZEV) approved charging station, up to a maximum of £350 per plug installed.

To access the grant, owners must register with OZEV and they must be registered with Companies House or VAT registered with HMRC. Owners can receive up to 200 grants per fiscal year. Charging stations can only be installed in a private parking space and the owner must own the parking space or have the exclusive legal right to it.

Attractive to tenants

More renters will likely need access to electric vehicle charging stations as more people buy electric cars. Given what we know about the challenges facing the public charging network and the growing adoption of electric vehicles, providing private, affordable and easily accessible charging points for tenants could be a strong selling point.

Without dedicated charging points where they live, many tenants would be entirely dependent on the UK’s still limited public charging infrastructure. They would have to leave their homes to charge their electric vehicle, would not have the freedom to charge it whenever they wanted and would be forced to pay a higher price for electricity.

house with EV charging stations
© Slavun

The cost to homeowners of installing a charging station, including the subsidy, will vary depending on the type of charger. One option is a smart charger that can be controlled via an app so renters can set it up to charge their car during off-peak hours when electricity is cheaper.

In the future, vehicle-to-grid (V2G) technology will enable electric vehicles to redirect energy stored in batteries to buildings or the grid to further reduce electricity costs and energy consumption.

Charging stations increase property values

If landlords need more incentives to get on board, in addition to making properties more attractive to potential tenants and future-proofing properties as EV adoption accelerates, Charging stations also bring material benefits to homeowners by increasing the value of their properties. The National Association of Property Buyers (NAPB) recently estimated that a charging station could increase the value of a property by up to £5,000.

“The convenience of a plug-and-play charging point is proving popular with buyers who own an electric vehicle or intend to purchase one in the near future. Currently, we believe this could add at least £3,000 to £5,000 to the value of a property and this trend will continue,” said NAPB founder Jonathan Rolande.

And, in a sign that homeowners are starting to heed the electric vehicle revolution, rental property provider Annington is working with Smart Home Charge to install charging stations at a number of its properties.

“We’ve seen a huge uptick in interest in EVs from our renters, who are now actively looking for properties with chargers to make their homes ‘EV-ready,'” said Gary Smith. , property manager in Annington.

This work was carried out by Alok Dubey, UK Country Manager at went upthe single platform for all electric vehicle charging

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