myenergi is calling on the UK Government to exempt solar EV chargers from VAT as part of the upcoming Spring Budget, noting that it would make net zero more accessible to households and support the adoption of electric vehicles.
During last year’s Spring Budget, the UK Government announced that it was removing VAT for many energy efficiency improvements, including the installation of solar panels and energy storage, provided they were installed as part of a package with solar. However, at the same time, the UK has been winding down support for consumers wanting to install EV chargers at their homes, which has caused the price of installation to increase.
Given rising costs and the ongoing energy crisis, paired with the cost of living crisis, myenergi now believes it’s time to reincentivise consumers. It notes that the best way to do that would be to zero-rate VAT for the installation of solar EV chargers, which are chargers that can benefit from energy generated from solar panels.
Of course, this would directly benefit myenergi’s Zappi EV charger, considering it’s the best-known solar electric vehicle charger currently on the market. However, the company believes it would also help steer consumers towards these chargers which reduce the reliance on the grid.
Implementing such a change is estimated to reduce the cost of solar EV chargers by approximately £200 on average; myenergi says that this would increase accessibility and encourage more widespread adoption, to the benefit of both consumers and the Government’s decarbonisation agenda.
We will officially find out the contents of the Spring Budget on March 15.
