Osprey CEO ‘disappointed’ by lack of VAT reduction

Ian Johnston, the CEO of Osprey Charging has commented on the government not reviewing existing rate of VAT applied to EV charging

Today the government said that it has no current plans to review the existing rate of VAT applied to EV charging. At the moment, VAT on domestic electricity is charged at 5% to keep costs down for families, but those using public charge points have to pay 20% VAT.

Says Ian Johnston: “We support the idea of reducing the VAT rate for public charging from 20%, to match the home tariff VAT of 5% and we’re disappointed to not see this change take effect.

“At a time when energy prices are increasing, this saving could have made a big difference for EV drivers – particularly for those that don’t have driveways and so are heavily relying on the public network.

“If the government wants to encourage EV ownership for everyone, it needs to ensure it minimises inequalities in charging costs like this as much as possible.”

Osprey Charging is one of the fastest-growing UK networks of rapid electric vehicle (EV) charging points. It will roll-out of 150 rapid electric vehicle charging hubs across UK over the next four years.

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