Almost half of UK businesses are planning to install on-site EV charging this year.

Nearly half of businesses are planning to install electric vehicle (EV) charging points on their premises over the next year according to a new survey.

Commissioned by Centrica Business Solutions, it found that companies are planning to invest £15.8 billion in EVs and on-site charging points over the twelve months to March 2022. This is a 50% increase year-on-year from the £10.5 billion invested by companies between April 2020 and March 2021.

Of those polled, 46% are planning to install charging points, although 37% have already installed the infrastructure. Additionally, 30% have already invested in on-site generation technologies to charge their EV fleets, such as solar panels. Almost half are planning to invest in such generation in the future.

This follows 40% of companies saying they had increased the number of EVs in their fleets during the last year. Of these, 58% said the biggest driver was an effort to meet corporate sustainability targets, while 51% said it was to reduce operational disruption caused by low and zero-emission zones and 37% were attracted by the lower maintenance and whole-life costs of EVs.

“As we accelerate towards our net zero future, I’m delighted to see UK firms at the forefront of the electric vehicle revolution,” said Rachel Maclean, transport minister.

“With British businesses set to increase their investment in electric vehicles by 50%, the message is clear – the future is electric. With generous government grants and tax incentives which could save drivers over £2,000 a year, there has never been a better or more exciting time to make the switch.”

By 2030, we won’t be buying cars using fossil fuels anymore as all future car production will be focused on electric. This is a development that is happening right now (and very fast too) with more and more electric and hybrid vehicles becoming available and affordable. With that in mind, if you have solar panels, you can use that energy generated to charge your electric vehicles that won’t cost you anything – there’s nothing more satisfying than refuelling your car for free!