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VEV CEO Welcomes UK Government’s New Fleet Depot Charging Scheme

Palak by Palak
July 28, 2025
in News
Reading Time: 1 min read
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Mike Nakrani CEO of VEV
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Last week the UK government announced a new Depot Charging Scheme offering up to £1 million in funding to cover 75% of charging infrastructure costs for commercial fleets. It’s open to public and private sector fleets, local authorities, and non-profit organisations in the UK.

Mike Nakrani, CEO of  VEV, the e-fleet solutions provider backed by Vitol – a world-leader in the energy sector, said:”

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“This is exactly what the industry needs. it isn’t just funding, it’s a game-changer that finally makes fleet electrification a no-brainer for operators who’ve been sitting on the fence. That 75% coverage transforms the economics overnight. For our customers, it means they can worry less about upfront charging costs and start focusing on what really matters, running cleaner, more efficient fleets. At VEV, we’ve been saying for years that successful electrification needs the whole ecosystem vehicles, charging, and smart power management working together. This scheme proves the government gets it too! The closing date to apply for support (28th November) might seem generous, but the best sites and suppliers will be booked fast. Smart operators are already calling us to get their applications ready.”

Tags: EconomicsecosystemEV chargingpowerVEVVitol
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