Four reasons to invest in EV chargers for your business

With the government’s 2035 ban on the sale of petrol and diesel cars, electric vehicles are quickly becoming the norm.

As a business, now is the perfect time to install EV charging stations on your premises to get ahead of the curve and reap several benefits.

Continue reading to discover four reasons why you should invest in business EV chargers. 

1) Make your workplace more attractive  

It is inevitable that the majority of your workforce will be driving electric vehicles in the near future. Therefore, offering free EV charging is an incredibly attractive employee benefit, especially for individuals who don’t have a home EV charger installed. Installing workplace charging points provides excellent convenience for employees and means they can charge their EV for free at work and rely less on paying to use public EV charging points. Moreover, if employee needs are met, they will feel more valued, resulting in increased employee retention.  

Not only will installing EV chargers at your workplace satisfy existing employees, but it will also attract prospective employees. Currently, few companies have on-site EV chargers installed. As such, this perk will make you stand out from other employers when you are trying to recruit new talent.  

2) Save money 

Although workplace EV chargers may seem like a significant investment, government incentives are currently in place to significantly reduce this cost. The OZEV Workplace Charging Scheme reduces the purchase and installation cost of electric vehicle charging points for the workplace by 75%, up to £350 (including VAT) per socket. Companies can claim up to a maximum of 40 sockets meaning that you could potentially save £14,000.

Moreover, if you plan to switch to an electric fleet, you can make considerable cost savings. With an electric fleet, you immediately cut out fuel expenses. Moreover, there are significant tax incentives for a business with fully electric company cars. For example, HMRC has introduced lower benefit-in-kind (BIK) rates for electric vehicles. You can read all about the current tax benefits for electric vehicles for businesses here.

3) Promote Sustainability 

If your business is pushing a sustainability strategy, getting workplace EV chargers installed is one of the most straightforward steps you can take. Having workplace EV charging points installed demonstrates that your business is taking action to promote sustainability by adopting technologies that make the planet a cleaner and safer place to live. 

Moreover, installing workplace EV chargers is a great way to encourage your employees to go electric sooner. Some barriers to purchasing electric cars may be the inconvenience of using public charging points or having to invest in a home charger. If your business installs EV chargers at your workplace, this will provide charging convenience, motivating your employees to get an EV. If the majority of your workforce switches to EVs, this will make a significant difference in reducing your corporate emissions.  

4) Future-proof your business 

Soon, offering employees and visitors somewhere to charge their electric vehicles will become the norm. If your business wants to enhance its brand image, installing EV charge points in 2024 could reap significant benefits. Even if you initially only installed a few chargers, this is a great place to start. Your business will quickly become an example of one that embraces corporate social responsibility and considers the needs of employees.

Are you looking to install EV charging points for your business? We Power Your Car can help.  

Our EV charge point sales and installation services for businesses come with a whole range of support and assistance. We offer a completely personalised solution that will suit your individual operation and needs. 

Our expert advisers are standing by to take your calls on 03333 44 96 99. Alternatively, contact us for more information or any queries you may have.

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