{"id":10169,"date":"2021-10-12T09:12:29","date_gmt":"2021-10-12T08:12:29","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=10169"},"modified":"2026-07-09T15:30:50","modified_gmt":"2026-07-09T14:30:50","slug":"electric-vehicles-grants-tax-benefits-businesses","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/electric-vehicles-grants-tax-benefits-businesses\/","title":{"rendered":"Electric vehicles: Grants and tax benefits for small businesses"},"content":{"rendered":"
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\n\t\t\t\t\t\tElectric vehicles: Grants and tax benefits for small businesses\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"Heidi\t\t\t\tHeidi Vella<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

Transport is responsible for around a third<\/a> of total CO2 emissions, so it’s little surprise that electric vehicles feature heavily in most government’s net zero emissions plans.<\/p>\n\n\n\n

Switching from fossil fuel to battery-powered electric vehicles is a tangible way for small and medium-sized enterprises (SMEs) to reduce their carbon footprint.<\/p>\n\n\n\n

In fact, a 2020 study<\/a> by three universities (Exeter, Nijmegen (Netherlands), and Cambridge) found that in 95% of the world, driving an electric car is better for the climate than a petrol one.<\/p>\n\n\n\n

Therefore, if more small businesses \u2013 which employ more than 16 million people in the UK \u2013 adopt electric vehicle (EV) technology, it could have a significant positive impact for the environment, as well as contribute to companies becoming carbon neutral overall.<\/p>\n\n\n\n

What’s more, the government has introduced new incentives to help SMEs manage the upfront costs, so they can reap the longer-term carbon and monetary savings.<\/p>\n\n\n\n

Here’s what we cover in this article:<\/p>\n\n\n\n

Subsidies and tax breaks<\/a><\/p>\n\n\n\n

Lower running costs<\/a><\/p>\n\n\n\n

Learning by example: Moving to electric vehicle use<\/a><\/p>\n\n\n\n

Subsidies and tax breaks<\/h2>\n\n\n\n

The initial cost of transitioning from fossil fuel to electric vehicles can be off-putting, but there are several grants and subsidies that can help your business manage the initial outlay, as well as several tax breaks that mean the technology is often more cost-effective in the long-term.<\/p>\n\n\n\n

The Workplace Charging Scheme (WCS)<\/a><\/h3>\n\n\n\n

If your business is eligible, this voucher-based scheme can help with the upfront costs of the purchase and installation of EV charge points.<\/p>\n\n\n\n

It’s limited to 75% for each socket, up to a maximum of \u00a3350 and 40 sockets across all sites per applicant. Vouchers can only be redeemed by approved providers.<\/p>\n\n\n\n

To be eligible, your business needs to be able to show that it:<\/p>\n\n\n\n