Tomorrow the new Chancellor will announce what the Government plans to do to address the rising cost of living in a so-called ‘mini-Budget’. For EV drivers this is a burning issue, as last week we heard the worrying news that the price of charging an electric car at some public chargers could hit £1 per kWH.
Some charge-point operators tell me that their wholesale electricity – what they pay before adding VAT and a profit margin – has risen as high as 81p per kWh, due to an average 130 per cent increase in costs in the past year. But on top of that, those who use public charging points are forced to pay 20 per cent VAT, compared with 5 per cent for domestic home charging.
