The sales of electric vehicles (EV’s) in the UK are speeding up!
Whilst approximately 6000 vehicles were registered in 2014 more than 47,000 were registered in 2017 making up nearly 2% of the total new car market.
There are around 135,000 plug- in vehicles currently navigating the highways and byways of the United Kingdom.
The next few years will see an increasing number of EV models launched in the UK by all major car and van manufacturers. In addition, current tax legislation heavily encourages the use of “pure electric” and hybrid vehicles both in terms of road tax and the amount of Benefit in Kind tax paid by company car drivers.
With the government recently announcing a complete ban of petrol and diesel cars by 2040, its clear to see that the already rapidly rising trend towards purchasing of EV’s is only going to increase further in the coming years.
As of February 2018, there are just under 15,000 UK Charge points.
From a business viewpoint, having charge points at the workplace will be an increasingly important facility for employees and visitors likely to be factored into short term location plans for meetings etc as well long strategic decisions on business location. For businesses with EV fleets it will be an essential operating factor.
The logistics of installing charge points for multiple users at a workplace for example are unsurprisingly not straight forward but will become increasingly important and relevant to businesses in the UK in the near future.
Questions to consider include:
- How many chargers might you require and at what speed; “Slow”, “Fast” or “Rapid” (or more specifically, at what kW)?
- Do you have the power capacity available or is an increase required?
- If an increase is required could this be supplied via self-generated renewable energy
- Where should you install the chargers (closer to an incoming power supply should minimise groundworks/cabling costs)?
- Who are the points for – your employees, your visitors, the public or a combination of these?
- Do you want to charge for use and, if so, how much and how will payment be made?
- Are you eligible for the Workplace Charging Grant?
- Do you require management software and/or metered consumption?
- What Capital Allowances are available for the investment dependant upon the size of the business. i.e. Firms that spend at least £200,000 annually on plant and machinery investment will be able to deduct the full cost of a new charge point from their profits before tax. This represents almost a fivefold increase from the normal rate of 18% on a reducing balance basis.
For more information as to how to be on the front of the grid in providing charge points for your staff, customers and the public give us a call.
Source: SMMT, OLEV, DfT Statistics; Analysis: Next Green Car, January 2018 www.nextgreencar.com