Powering Change
Installing since 2010 · 0118 951 4490 · info@spiritenergy.co.uk
The UK government currently offers businesses a contribution towards workplace EV charging costs of up to £500 per socket, for up to 40 sockets per business, a total grant value of up to £20,000. Find out more about the Workplace Charging Scheme.
The installed cost of a commercial EV chargepoint is typically £1,300 to £1,800 + VAT, depending on the charger model, communications required, number of chargers installed, and the specifics of the installation in terms of cabling, fixings, and groundworks.
If the charger is for work purposes, off-street, supplying private users of the business rather than members of the public, it should qualify for a grant of up to £500 under the Workplace Charging Scheme.
Working to a net installed cost of approximately £1,200 + VAT after the grant.
Suppose one person charges their car for 250 days a year, using 25kWh per charge. If you are able to charge for electricity at a margin of 13p per kWh above your cost of supply, either charging directly per kWh or by taking payment for charger time, you make around £3.25 profit per charge, with a total annual gross profit of around £813 per chargepoint.
The actual margin you can achieve will depend on your electricity tariff and what you charge users, but with electricity costs and EV adoption both rising, workplace charging is increasingly attractive as a revenue stream.
Annual running costs per chargepoint, covering data fees, charger management software, and general maintenance, are unlikely to exceed £50–£100 per year depending on the platform you use.
With one user per day on weekdays only, a single chargepoint can realistically pay for itself within 5–7 years. With two users per day, entirely achievable given that a 7kW charger delivers 25kWh in around 3.5 hours, leaving time for a second user in the same working day, payback falls to under 3 years.
A payback time of 3–6 years is very reasonable, particularly given the additional benefits: meeting employee needs, supporting your CSR commitments, and future-proofing your site as EV adoption continues to accelerate. Plug-in cars now account for over a third of all new car registrations in the UK, the proportion of staff arriving in EVs will only increase.
Call us on 0118 951 4490 to discuss your project or to request a quote.
