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Discover the available business grants and other financial incentives related to EVs in your fleet. Learn from the leaders in business mobility solutions.

What Business Grants are Available for EV Fleets?

<h4>A range of financial support and benefits exist for Electric Vehicle (EV) users and fleet managers to incentivise businesses on the road to zero.</h4>
<h4>While these aren’t always as generous as they were in previous years (and won’t be around forever), there are still plenty of financial benefits to make use of right now.</h4>


Plug-in grants still exist for commercial vehicles, including vans and trucks, which means qualifying vehicles can be sold at a 35% discount from the purchase price.

View the .gov guidance

<p>To be eligible for a grant, the vehicle must:</p>
<ul>
<li>be less than 2,500 kilograms (kg) gross vehicle weight</li>
<li>have CO2 emissions of less than 50g/km</li>
<li>be able to travel at least 96km (60 miles) without any emissions</li>
</ul>


<p>To be eligible for a grant, the vehicle must:</p>
<ul>
<li>be between 2,500kg and 4,250kg gross vehicle weight</li>
<li>have CO2 emissions of less than 50g/km</li>
<li>be able to travel at least 96km (60 miles) without any emissions</li>
</ul>


With home and workplace charging schemes available as of July 2023, charger installation is more affordable than you might think. The two Workplace schemes below can be used for the same site, but not the same chargepoints.

<ul>
<li>Available to all qualifying businesses</li>
<li>Up to £350 per socket</li>
<li>Maximum of 40 sockets per company (across up to 40 sites)</li>
</ul>


<ul>
<li>Available to businesses with <em>fewer than 250 employees</em></li>
<li>Up to £350 per socket (or £500 per parking space enabled with supporting infrastructure)</li>
<li>Maximum of £15,000 per grant/site for up to 5 sites</li>
</ul>


<ul>
<li>Available to people who own or let a flat (or rent a residential property) with a private, off-street parking space</li>
<li>Up to £350 per household</li>
<li>You must have leased (or used for work) an eligible vehicle for at least 6 months</li>
</ul>


View the tax tables

<p>VED, commonly known as Road Tax, is currently set to £0 for electric vehicles both on registration and in subsequent years.</p>
<p>However, this is set to change in <strong>April 2025</strong>, when EVs will begin pay VED in the same way as petrol and diesel vehicles.</p>


<p>A nil rate of tax currently applies to zero-emissions vans within Van Benefit Charge, which means that you could allow your electric van drivers unrestricted private use of their van as a tax-free employee benefit.</p>


View BIK calculator

<p>EV company car drivers (whether provided by the company or through a Salary Sacrifice scheme) pay a reduced rate of BiK (or ‘company car tax’). These rates are currently set for Battery Electric Vehicles at 2%, rising to 3% for the tax year 2025/26, or for hybrid electric vehicles at 2-14% rising to 3-15% depending on electric range.</p>


<h2>Get in touch</h2>
<h4>With incentives and grants in place to support your road to zero, now’s the time to turbo-charge your fleet transition to greater sustainability. Get in touch on  <a href="tel:01252 976 010">01252 976 010</a> or <a href="mailto:SME@alphabetcorporatesupport.co.uk">email us</a> to book a free electrification consultation with our EV experts.</h4>
