Founded 10 year ago, charging point manufacturer Chargemaster has seen their business rise in value by 300%. So, what is causing the demand for electric cars and chargers . . .
Decrease in price of purchasing and running an electric car
To encourage the switch from petrol and diesel cars to electric the UK government offer grants towards the purchase of a new electric car, van or motorbike for up to 35%. The plummeting cost of battery is leading to an overall decline in price for electric cars. If your electric car cost less than £30,000 you’ll be exempt from road tax and congestion charge in London. The cost of electric against fuel can save you up to 50% across 10,000 miles giving you a substantial saving against the rising cost of petrol and diesel.
