OCPP EV Charging Solutions

A 2023 Guide to Funding EV Charging Infrastructure in the UK

In 2023, businesses, local authorities, landlords, and individuals in the UK have a variety of funding options available to support the installation and operation of electric vehicle (EV) charging infrastructure. As more people switch to EVs to reduce their carbon footprint and improve air quality, the demand for charging points is rapidly increasing.

  • Government Grants: The UK government offers several grant schemes to support the installation of EV charging infrastructure. The Workplace Charging Scheme (WCS) provides funding towards the cost of purchasing and installing charging points for eligible businesses, while the On-street Residential Chargepoint Scheme (ORCS) provides funding to local authorities to install charging points on residential streets. In addition, the government’s Plug-In Vehicle Grant (PIVG) provides a subsidy for the purchase of new EVs, which can be used to offset the cost of installing charging infrastructure.
  • Private Funding: Businesses and individuals can choose to fund their EV charging infrastructure privately, using their own capital or securing loans from banks. Some businesses may also choose to partner with private companies that specialize in installing and operating charging points, which can help reduce the upfront cost and provide ongoing support and maintenance.
  • EV Charging Companies: There are several companies in the UK that specialize in EV charging infrastructure, offering turnkey solutions for businesses and individuals. These companies can help with the design, installation, and maintenance of charging points, and can provide ongoing support for the operation of the infrastructure. Many companies offer flexible payment plans, allowing businesses and individuals to spread the cost of installation and maintenance over time.
  • Renewable Energy Funding: As the demand for EVs and EV charging infrastructure grows, many businesses and individuals are looking to power their charging points with renewable energy sources. Funding options for renewable energy projects, such as solar panels or wind turbines, are available from the government and private investors. These projects can help businesses and individuals reduce their carbon footprint even further and provide long-term cost savings on energy bills.

Overall, there are many funding options available to support the installation and operation of EV charging infrastructure in the UK. With the government’s commitment to reducing carbon emissions and promoting the use of EVs, there is likely to be continued investment in this area, providing opportunities for businesses and individuals to reduce their environmental impact and benefit from the growth of the EV market.