An OLEV grant (WCS workplace grant scheme) of up to £500 per charge point (up to 75% of the cost) can be applied for up to a maximum of 20 charge points.
Your business applies for a voucher through the sheme, and this is handed to us, Project EV (the installation company), who gets the grant. It Couldn't be simpler.
Note must be taken regarding larger installations and the surrounding infrastructure, including any additional works that may be required.
Currently, all electrical vehicles have a benefit-in-kind (BIK) tax of 6 percent, which is the lowest available rate in the UK.
In the 2020–21 tax year, both new and existing electric vehicles will be eligible for a 0 percent BIK rate. The BIK rate will rise to 1 percent in 2021/22 and to 2 percent in 2022/23
The average gasoline or diesel vehicle has a BIK rate of 20 to 37 percent.
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