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A number of financial incentives are available towards the cost of buying and running an electric vehicle, both for individuals and businesses.

The government offers up to £3,000 off the price of a new electric car, and up to £8,000 off the price of a new electric van. More information about these grants, which are applied to eligible vehicles at point of sale, can be found on the government’s website.

Additional grants are also available towards the cost of charging points at homes or businesses, or for running an EV taxi. You may be eligible for more than one type of grant. See more below for the opportunities currently on offer.

Grants for personal use

If you have a driveway or other off-street parking area, the government’s Office for Low Emission Vehicles (OLEV) offers grants to install charging points at residential properties. The OLEV Electric Vehicle Homecharge Scheme provides up to 75%, to a maximum of £350, of the cost of a charging point at a domestic property. You will need to have an approved charger fitted by an approved installer, who also looks after the grant application. Details on OLEV approved installers are available on the OLEV website. Please note that the on-street grant referred to on this page is not currently available in Bristol.

Grants for business use

If you’re a business owner, or work for a charity or public sector organisation, you could be eligible for the OLEV Workplace Charging Scheme. The government scheme can provide up to £350 of funding for each charger socket, up to a maximum of forty sockets per business (a fast charger point usually has two sockets fitted).

There is a local authority business grant (available in some areas) for employers to install charging points for their employees and fleet vehicles to use. These need to be on private land, not the adopted highway. If you are interested in this, please email the Business Engagement team at travelwestbusiness@bristol.gov.uk. Grant funds currently available in North Somerset and Bath and North East Somerset only.

Subsidies for taxis

Taxi drivers in Bristol are being offered subsidies of more than £3,000 if they purchase electric and ultra-low emission vehicles. These subsidies have been made possible through funding from the Department for Environment, Food and Rural Affairs (DEFRA).

It is estimated that the scheme will produce more than a 20 per cent reduction in emissions across the whole taxi fleet in the city.

The package of incentives on offer includes five year subsidies to cover the costs for:

  • Licencing fees at £187 per year.
  • Certificate of conformity fee at £50 per year.
  • Permit to operate at Temple Meads station at £490 per year.

For more information or to apply for the incentives, contact the council licencing team 0117 3574900 or licensing@bristol.gov.uk

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