“Today’s announcement of the spring budget from the Chancellor is a huge missed opportunity to increase access to public EV charging for the UK’s drivers. There have been calls from across the industry to lower the VAT rate on public charging from 20% to 5%, in line with that of charging at home, which would be a massive boost for EV drivers, and those considering the switch to electric.
“Osprey itself now has over 1,000 live public EV chargers available across Great Britain, and a vast number of EV drivers rely on the public network – a VAT reduction would have gone a long way in supporting those without access to a domestic charger. Here at Osprey, we will continue to advocate for a reduction in VAT on public charging to see an equalisation with the VAT level on domestic charging. In 2023, we successfully grew our public charging network by 150% and received a number of consumer accolades for the quality of our charging experience, but it’s imperative that this is supported by the government taking action in scenarios such as today’s budget.”
