EXPERT TIPS

Savvy Homeowners Could Make Thousands by Renting Out EV Devices

Homeowners with electric vehicle charge point miss out on thousands of pounds a year by letting their driveways sit empty.

EV experts at LeaseElectricCar.co.uk are urging electric car owners to consider renting out their parking spaces to make some quick and easy extra money this summer.

By renting out spaces and devices for motorists looking to park and charge, homeowners could be set to make thousands each year.

Typically, electric vehicles only need to be charged a couple of times a week – depending on how often the car is used and how many miles are driven.

This means that charge points at home are left unused for most of the year.

Instead of letting these devices gather dust when not used, homeowners should consider renting out their chargers to other EV owners.

More and more electric car drivers are finding it difficult to charge up whilst on a trip, given the seemingly endless queues for a public ChargePoint.

Local authorities nationwide are also considering increasing overstaying fines at these public charge points despite the news that the government is falling behind on delivering the promised number of devices.

Clever homeowners can use EV drivers’ difficulty when publicly charging their cars by renting out their devices.

Data shows that, on average it costs £17 to charge an electric vehicle from 0 to 100% at home.

By renting the parking space to two motorists weekly for £25, savvy homeowners can cash in £2600 each year, without lifting a finger.

By profiting off renting out home devices, Brits can help pay their electricity bills while still bagging some cash in their pockets on a charge point that otherwise would’ve been empty.

Tim Alcock from LeaseElectricCar.co.uk said: “Homeowners who are not already renting out their car parking spaces with home charging devices are seriously missing out.

“It’s such a simple way to make some extra money, and you could easily make thousands of pounds a year by not lifting a finger.

“Instead of letting your EV ChargePoint sit empty for most of the week, consider renting out the space to make a quick buck. And with the rising cost-of-living crisis ever looming, it’s a no-brainer.

“The government is falling behind on installing more publicly available charge points, meaning an increase in queueing times for motorists looking to charge up across the country.

“Take advantage of this and rent out your charge points for drivers needing to power their vehicles this summer. Based on demand, there is always the opportunity to increase prices too.

“Over the warmer months, motorists will travel long distances on holidays and see friends and family. These EV drivers will no doubt need a place to stop and charge up, and it’s easy to make your driveway the solution.

“There is certainly serious money to be made by renting out your driveway and at-home ChargePoint, and savvy homeowners should jump on the opportunity immediately.”

To learn more about making extra money as an EV owner, head to https://leaseelectriccar.co.uk/.

UP IN NEWS
Hassan Soukar

Hassan Soukar is a veteran automotive, and tech journalist, as well as a professional photographer. A man with a keen sense for innovation and a great sense of humour. He is the pro that reviews the latest gadgets from smartphones and VR headsets to fitness bands. Hassan has a generous number of lists, reviews and latest industry leaks.

Recent Posts

Storing Your Classic Car Long-Term: 4 Things To Know

Classic car owners must consider many things before storing their vehicles. Our guide explains the…

31 mins ago

The 35P Hack to Fix Car Scratches

Car owners are being told of nifty hacks to remove unwanted scratch marks from their…

4 days ago

Volvo EX30 Receives the Prestigious Red Dot ‘Best of the Best’ Design Award

The small SUV Volvo EX30 has been awarded the prestigious Red Dot award for Best…

4 days ago

Don’t Get Caught Out by New Parking Laws

Motorists are being urged to prepare for changes to parking laws that could result in…

4 days ago

Preparing Your Pickup for Off-Roading Adventures

When you join the ranks of off-roaders, preparing your pickup for off-roading adventures is a…

5 days ago

Hilton & Moss Offers a Remarkable Four Examples of the Iconic Aston Martin DB5

Hilton and Moss, the leading classic and performance car specialist, has presented four examples of…

7 days ago