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Chancellor's Tax on EV Chargers Sparks Investment Concerns

11/10/2025

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Summary

Story summary

Chancellor Rachel Reeves faces criticism over plans to tax parking bays with electric car chargers.
Nine charging companies, including Osprey and Gridserve, warn the move could raise costs by hundreds of pounds and threaten £8 billion in investments.
They say the policy could hinder electric vehicle adoption.
From next April, charge point operators will face a 49.9% rate on parking bay values.
The Chancellor may intervene in the upcoming Budget.

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Story summary

Chancellor Rachel Reeves faces criticism over plans to tax parking bays with electric car chargers.
Nine charging companies, including Osprey and Gridserve, warn the move could raise costs by hundreds of pounds and threaten £8 billion in investments.
They say the policy could hinder electric vehicle adoption.
From next April, charge point operators will face a 49.9% rate on parking bay values.
The Chancellor may intervene in the upcoming Budget.