The recent 2017 budget by the Chancellor was heartening news for Franklin Energy and our customers. Home owners will continue to benefit from heavily discounted home charging point installation with the announcement of an additional investment of £100 million, the Plug in Car Grant which will continue until at least 2020. Franklin have helped many of its customers achieve a very low cost installation for our discreet, state-of-the-art home charging units.
£400 million will be invested in EV charging infrastructure, which will help Franklin Energy accelerate its investment in workplace charging stations and super-fast ‘instant’ charge points for service stations, Fleet management and taxi firms. With one eye on 2021 when driverless cars and automation hit the streets of Great Britain, Franklin Energy will be in prime position to start helping our customers make more from their work and home car charging through our SMART charging facilities. We are continuing to invest and play a big part of the 4.0 Industrial Revolution. We are part currently undertaking Research and Development (R&D) programmes with our partners as part of the Future Cities initiatives. We are also utilising our technology and the Internet of Things to help provide a greener more sustainable provision for customers and the national grid. The announcement of an additional £40m R&D funding for these programmes is welcome news for Franklin Energy.
It was also good news for our our workplace charging customers as employees will now see a freeze on any cuts to their Benefit-in-Kind (BIK). With it being confirmed that EV drivers charging their car at the workplace will not be hit by any BIK charge on the electricity used*. This is also the case for customers that take advantage of our car pool service renting from one of our Renault Zoe’s Electric Car Fleet.
After a very strong year from the sale of Electric cars and the 2040 ban on diesel on the sale of diesel cars the future for EV owners, both at home and workplace, is bright. The government has clearly set out front and centre that the drive towards autonomous cars, electric vehicle ownership and will be a priority for the government for the next 20 years.