Electric Vehicle Charging Finance

What is Electric Vehicle Charging Finance? 

Demand for electric vehicle charging infrastructure is growing rapidly across the UK. Whether a business is electrifying its own fleet, accommodating employees who drive electric vehicles, or looking to offer charging as a service to customers and visitors, the pressure to have the right facilities in place is increasing year on year. 

Charging points are available across a broad spectrum, from slower overnight units to rapid chargers. The right solution depends on the nature of the business, the vehicles involved, and the volume of charging required. Costs can vary considerably depending on the specification and scale of the installation. 

At UK Business Finance, we can arrange electric vehicle charging finance to cover the purchase of charging infrastructure for businesses of all sizes. Finance options include hire purchase, finance leases, and asset refinance, each structured differently to suit varying preferences around ownership and business needs. 

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Benefits of Electric Vehicle Charging Finance 

Support fleet electrification: For businesses transitioning away from petrol and diesel vehicles, having adequate charging infrastructure on site is essential. Without it, the practicality of running an electric fleet is much worse. Finance allows charging capacity to be put in place ahead of, or alongside, the vehicle transition, so the two aspects of electrification develop in step with one another. 

Avoid a large upfront capital commitment: Installing multiple charging points, particularly rapid chargers, can represent a substantial investment. Committing that sum in one payment may not be viable or desirable, particularly when the infrastructure will deliver value over many years. Finance distributes the cost across an agreed repayment term, so the business benefits from the installation from day one without exhausting its cash position. 

Repayment terms built around your business: The structure of a finance agreement can be adjusted to reflect the individual circumstances of the business. This ensures the resulting monthly payment can all be set in a way that works with the business's cash flow, giving it a sustainable and predictable financial commitment for the duration of the agreement. 

Refinance existing assets to free up funds: If the business owns commercial assets with residual value, asset refinance provides a means of converting that value into working capital. The asset is transferred to a funder and leased back, with the business receiving a cash sum whilst retaining its use. Once the repayment term is complete, ownership of the asset returns to the business. 

Meet growing regulatory expectations: The trajectory of UK policy on electric vehicles points clearly toward increasing requirements for businesses, particularly those operating commercial fleets or managing larger premises. Putting charging infrastructure in place now, supported by a finance arrangement that keeps the cost manageable, positions a business ahead of those requirements rather than having to respond to them at short notice.  

How we help businesses finance Electric Vehicle Chargers 

As a commercial finance broker, UK Business Finance connects businesses with funding solutions built around their individual requirements. With a broad network of lenders at our disposal, we ensure business can receive the right EV charger finance for your organisation. 

What we offer: 

• A free quote in 60 seconds 
• Access to a wide range of lenders, each assessed to find the strongest match for your needs 
• We prepare and submit the full application to lenders  
• A team with expertise in the finance industry, ready to guide you through every step 

To explore your electric vehicle charger finance options, reach out to our finance team today. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us