Renters, flat owners, homeowners without driveways and businesses will be able to save up to £500 when installing electric vehicle (EV) charge points, the government has announced.

The 40% uplift in the chargepoint grant will cover almost half the cost of a typical charge point installation until March 2027, says the government.

It says this will help drivers access cheaper domestic electricity rates at home or work to power their car for as little as 2p per mile.

The latest government figures show EV drivers can save up to £1,400 on running costs versus a comparable petrol car when accessing cheaper domestic rates.

The move comes as the government aims to tackle two of the biggest barriers to driving electric - upfront costs and worries about finding somewhere to charge.

Keir Mather. Aviation, Maritime and Decarbonisation Minister, said:

'We're taking action to make EV ownership the affordable choice for everyone - not just those with driveways. Bigger grants mean families, flat owners, renters and small businesses can now install a charger for almost half the usual cost, with home charging costing as little as 2p a mile.

'Combined with our Electric Car Grant which has saved over 55,000 drivers thousands off the price of a new EV whilst boosting sales for carmakers, and record funding for our national public charging network, we're backing the EV revolution for drivers, businesses, and industry.'

Internet link: GOV.UK