How you could earn up to £5,000 a year from your empty driveway – and help save the planet
HOMEOWNERS could rake in up to £5,000 a year from renting our their driveway and letting owners charge up electric cars.
Installing a plug-in point on your drive could help boost profits as EV owners hunt for spots to park and charge.
The cost of a plug is less than a £1,000 and estimates suggest you'd make this back in under three months.
Figures provided by Bookmycharge - a peer-to-peer system that allows electric car owners to rent drives with plugs - said income could be huge.
An a outer city house in London near a station, shopping centre or sporting event could charge £15 a day for driveway rental.
Electricity for a single charge averages at £3 with homeowners often marking up the price of power by 100 per cent.
That means you'll be getting £18 profit a day. Over the course of the year this total just shy of £5,000.
Income is of course dependent on your location and local demand.
It's not just a money-making scheme, though, as it could help save the planet with electric cars a big help in slashing pollution.
But the latest study by the National Franchised Dealer Association found a staggering 90 per cent of drivers believe there are barriers to buying an EV - with a lack of charging points and range anxiety listed as the biggest obstacles.
all you need to know about electric cars
The Bookmycharge scheme would open up some 85,000 chargepoints at UK homes - a massive upgrade on the 6,000 public sites - and help convince drivers to make the switch.
Jan Stannard, Bookmycharge co-founder, said: "Our mission is help EV drivers to maximise the potential of the UK’s huge domestic chargepoint network.
"We want to encourage a ‘sharing economy’ approach so that the EV community has guaranteed access to the wealth of home charging locations across the country."