electric car charger

Electric car charging points set to be property investment priority

Electric car sales are rising exponentially in the UK, so more buyers and tenants than ever will be adding charging points to their list of must-haves for their next property.

The latest data from Next Green Car indicates that there were more than 395,000 pure-electric cars in the UK at the end of December 2021. Adding plug-in hybrids to the equation, this number rises to more than 740,000. This is a substantial leap compared to the previous year – and a trend that is only set to rise.

At the end of last year, Prime Minister Boris Johnson announced that, from this year, all new-builds will need to provide charging points for electric vehicles. Further to this, all properties that are significantly renovated will need to have electric car charging points.

The UK also plans to ban sales of new petrol and diesel cars for 2030. With this deadline in mind, many people in the market for a new vehicle in the coming years are likely to consider an electric car.

What about retrofitting existing homes?

As the new-build market makes up a very small proportion of overall UK property stock, adding electric car charging points to existing properties may also be considered in the future. The government has already allocated more than £830m towards converting UK vehicles to electric.

According to comments from Eleanor Bateman, policy officer at Propertymark, the UK also needs to invest in low-carbon public transport to boost its zero emissions drive.

She also says that a lack of charging spaces, as well as affordability, prevent some people from investing in electric vehicles. Having a private electric car charging point would be a much cheaper alternative to using public ones.

Tenants are asking for electric car chargers

As the number of electric vehicle owners ramps up, an obvious new trend to emerge among tenants will be wanting charging points in their rental homes. For property investors and landlords, adding one will increasingly add to a property’s desirability.

Bateman says this move has already started to happen in the industry among both homeowners and renters.

“Propertymark member agents are increasingly seeing buyers and renters citing electric vehicle charging points as a ‘must have’, therefore it is positive to see that the UK government is taking steps to address this. Putting cost-effective measures in place will remove what is a significant barrier to electric vehicle ownership.”

Even investing in a property that has electric car charging points nearby can be used as a selling point for potential tenants.

Boosting property value

One study by Rivervale Leasing estimates that a property with a charging point could be worth around £50,000 more. Access to a charger was also cited as the biggest barrier to people buying an electric vehicle, the research found.

There is currently a grant scheme available from the government for homeowners wanting to install a charging point. This can fund up to 75% towards installation. But the scheme is set to end on 31 March 2022, so those wanting to take advantage are urged to do so quickly.

However, the scheme will remain open for homeowners who live in flats and people in rental accommodation.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT