After March 31 2022, homeowners will pay £350 more for a smart home charger because the OZEV grant is ending.
The Electric Vehicle Homecharge Scheme (EVHS) will no longer be available to homeowners from March 31st, 2022, with the Government pulling the plug.
It means an £899 charger becomes a £1,249 charger.
Instead, the EVHS grant, run by OZEV, will target the rental sector, with the EHVS grant available to people in rental and leasehold accommodation.
Why the shift in direction?
The Government hopes that the EVHS scheme being opened to the rental sector will stimulate investment in EV chargers across a wider range of properties. The grant worked in this sense for homeowners, proving its success.
However, the shift in direction removes a huge financial incentive for homeowners, who will now have to pay the full price of installation. The EVHS grant covered £350, so homeowners will pay £350 more from March 31st, 2022.
From an electrician’s perspective, the grant disappearing is a good thing because electricians wait about 4 months for the grant to hit their bank account (if they don’t reject the claim). But for homeowners, it means higher prices.
With the new criteria, renters with owner permission and property owners can apply on behalf of their tenants/leaseholders for the grant. An additional fund will also be created for blocks of flats and apartments.
As a homeowner, the bad news is EV charger installations will jump by £350 after March 2022, adding around 40% to the cost of installation.