For businesses considering installing multiple EV Chargers the total amounts can be considerable, the good news is that the UK Government has developed a number of incentives that lower the cost of installation: ie

The Workplace Chargepoint Grant is a voucher-based scheme provides the upfront costs for the purchase and installation of EV charging points at workplaces to cover 75% of all purchase and installation costs, up to a maximum of £350 for each socket, for up to a maximum of 40 across all sites. ie to a maximum of £14,000.

Furthermore for businesses that install charging infrastructure, the government allows a 100% first-year allowance (FYA) for expenditure incurred on electric vehicle charging equipment which means the entire cost can be offset against Corporation Tax in the first year!

If you are considering a large installation and do not want to tie up your companies cash a financial lease could be an attractive option. Leasing is essentially a method of renting an asset for a period of time – it’s not permanent, and it could help your business speed up the uptake of electric charging.