Government reveals charging point fund

* 37m set aside for installation of charging points * 75% paid towards domestic installations * Funds available from March...

Government reveals charging point fund

The Government has revealed details of a 37 million scheme to help people with the cost of installing electric charging points.

Under the scheme, private individuals will get 75% towards installation costs. This will be capped at 1000 and limited to one charging point per household.

The Office for Low Emission Vehicles (OLEV) will compile a list of accredited suppliers in March and the grant will be available until April 2015.

Contributions of up to 75% will also be offered towards installations at train stations and council-owned roadside locations.

Organisations such as the NHS, police and local authorities can get a free charging point installed, with the grant capped at 7500 per installation.

David Martell, ceo and founder of Chargemaster plc, said: 'There is a lot to figure out, but [the scheme] will provide lots of opportunities.'

British Gas currently charges 799 for domestic installations, so if it gets accreditation for the scheme, the post-grant price could be less than 200 per household.