The government has announced a 40 per cent increase in EV chargepoint grant amounts.

Renters, flat owners, homeowners without driveways and businesses will now be able to save up to £500 when installing electric vehicle (EV) charge points.

The boost will cover almost half the cost of a typical charge point installation until March 2027, helping thousands more drivers access cheaper domestic electricity rates.

It is hoped that increased access will will help more households make the switch and UK businesses support an EV future.

The government is aiming to to tackle two of the biggest barriers to driving electric – upfront costs and worries about finding somewhere to charge.

From 1 April, people living in rented accommodation, flat owners, residential landlords, households with on-street parking and businesses will all be able to receive higher grants of up to £500 per charge point, rising from the previous discount of £350.

Meanwhile, schools will be eligible for grants of up to £2,000 per socket, building on 3,700 sockets installed to date.

Aviation, Maritime and Decarbonisation Minister, Keir Mather said: "We’re taking action to make EV ownership the affordable choice for everyone – not just those with driveways. Bigger grants mean families, flat owners, renters and small businesses can now install a charger for almost half the usual cost, with home charging costing as little as 2p a mile.

"Combined with our Electric Car Grant which has saved over 55,000 drivers thousands off the price of a new EV whilst boosting sales for carmakers, and record funding for our national public charging network, we’re backing the EV revolution for drivers, businesses, and industry."