Believ Urges EV Grant Boost and VAT Cut for Charging in Budget

Hello, Champions of Net Zero!

As the electric vehicle (EV) revolution continues to gain momentum across the United Kingdom, one of the leading charge point operators (CPO) is taking a bold step forward with a compelling agenda aimed at making EV ownership and charging more accessible and affordable for everyone. Believ, a prominent player in the EV charging sector, has unveiled its Budget wish list, urging the Treasury to take decisive action on four pivotal priorities.

With predictions of a potential ‘pay-per-mile’ charge for EVs looming on the horizon from 2028, and the recent announcement that London EV drivers will no longer be exempt from the Congestion Charge, the affordability of EVs is becoming a serious concern for many drivers. Believ argues that now, more than ever, it is crucial to address these challenges to maintain the attractiveness of electric vehicles.

At the heart of Believ’s proposals is a call for a reduction in VAT on public charging, aligning it with the significantly lower home energy rates. Currently, there exists a stark disparity in VAT charges based on the location of charging. Home charging benefits from a reduced rate of 5%, while public charging is subjected to the full 20% standard rate. This discrepancy creates what Believ describes as a ‘driveway divide’, disproportionately affecting those without off-street parking options who rely on public charging facilities.

If the Treasury responds positively to Believ’s call for VAT reduction, the company has committed to passing on all savings directly to drivers, ensuring long-term affordability in EV ownership. This initiative stands to significantly lighten the financial load on EV users, making the transition to electric vehicles more appealing.

In addition to the VAT reduction, Believ strongly advocates against the introduction of business rates for CPOs, a move that would support their business model and enable them to offer even lower charging rates. By alleviating financial burdens, Believ aims to create a more sustainable ecosystem for EV charging and ownership.

Moreover, Believ is pushing for the extension and expansion of the Government’s Electric Car Grant scheme. This scheme could provide higher discounts and encompass a broader range of vehicle models, further incentivising consumers to make the switch to electric. Such measures are essential for boosting the uptake of EVs and aiding the UK’s journey towards a greener future.

Another vital aspect of Believ’s wish list is a thorough review of how standing charges are calculated. Currently, these charges can lead to CPOs being penalised for future capacity, ultimately forcing them to pass these costs onto consumers. A reevaluation of this system could foster a more conducive environment for the growth of the EV charging network.

Believ is making significant strides in its mission to establish the UK’s most reliable EV charging network, all without burdening taxpayers. Earlier this year, the company secured a remarkable £300 million investment aimed at delivering at least 30,000 new public charge points across the nation. This ambitious initiative is designed to ensure widespread access to charging facilities, thus facilitating the shift towards electric mobility.

Guy Bartlett, CEO of Believ, emphasises the necessity of aligning private investment in the EV charging sector with government support. He stresses that enabling the widespread adoption of EVs is not just about providing infrastructure; it’s about making that infrastructure affordable and accessible to all.

“EVs are the future of sustainable transport,” Bartlett states, “and as such, they must be accessible, with cost being a crucial factor in that accessibility. As outlined in our four wishes, we need the Treasury to adopt a holistic, end-to-end approach to advancing EV uptake, recognising the vital role of private investment while supporting the UK’s efforts to decarbonise transport.”

He further adds, “Combined with Believ’s mission to deliver cleaner air for everyone, and our £300 million commitment to expanding the UK’s charging network, these measures send a powerful message that the UK is serious about making EVs a viable choice for all.”

As we move forward in this transformative era of transportation, the calls from Believ resonate with urgency and clarity. The time for action is now, and the measures proposed could play a crucial role in shaping a sustainable future for electric vehicles in the UK. It is imperative that the government listens to the voices of industry leaders like Believ, who are committed to building an equitable and accessible EV ecosystem for all citizens.

In conclusion, as we champion the cause of net-zero emissions and strive towards a more sustainable future, let us rally behind initiatives that not only support the growth of electric vehicles but also ensure that they remain an affordable and attractive option for everyone. The road to a cleaner, greener future is paved with accessible charging solutions and supportive government policies. Together, we can make this vision a reality.