Renault boss calls on Labour to slash VAT on public chargers to help drivers make EV switch
Adam Wood, MD of Renault UK, told GB News that drivers need lower-cost charging to help more people invest in electric
TL;DR
- Renault UK MD Adam Wood calls for lower VAT on public EV chargers.
- High public charging costs are a major frustration and barrier for EV drivers.
- Currently, public chargers have a 20% VAT rate, while home charging has a 5% VAT rate.
- A temporary zero VAT rate on public charging is set for October 2026 to March 2027.
- Drivers without home charging access are dependent on the public network and need cheaper options.
- Approximately 40% of homeowners lack driveways or off-street parking, limiting charging choices.
- Renault has seen significant EV sales growth, with the R5 being the UK's best-selling car in April and July.