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Homeowners can make £3,000 a year by renting out the driveway to electric car owners

If you have a driveway you could make thousands of pounds renting it out. Halfords and rental site Stashbee say you could increase potential charges by at least 20% if you include a power source

Modern suburban family homes with car on driveway
Electric car owners pay a lot of money to park somewhere where they can charge their vehicle

Homeowners could make up to £3,000 a year rent out their driveway to electric car Owner.

The extra money has been highlighted in new research by Halbfords and rental site Stashbee.

They say the fees range from £5 to £10 a day and up to £3,000 a year – although the exact amount you can earn can vary.

It depends, for example, on how often you rent out your driveway and what part of the UK you live in.

If you are near a desirable location e.g. B. an S-Bahn station, you are more likely to earn more with your driveway.

Property owners could increase potential fees by at least 20% if their driveway includes a power source, Halfords and Stashbee said.

Expensive driving mistakes

Richard Bruce, Halfords Motoring Director, said: “We believe private driveways could be one of the ways the UK can close the electric charging gap.

“Highway infrastructure is definitely moving in the right direction, but progress has been slower in residential areas where roadside charging is more of a challenge.

Did you make £1,000 by renting your driveway? Let us know: mirror.money.saving@mirror.co.uk

“Renting out driveways and charging stations by homeowners could go some meaningful way towards solving the problem.”

websites such as your parking space and JustPark.com Allow drivers to rent their driveways to other road users.

Those with driveways or garages can find out how much their pitches are worth at Parklet.co.uk – with this handy search tool.

Car insurance: what you need to know

It comes as drivers are being urged to switch to electric cars as new cars are sold Petrol and diesel vehicles are to be banned from 2030.

This deadline has been brought forward from 2040 to help reduce UK carbon emissions.

Soaring fuel prices – hitting 167p a liter for petrol and 179p a liter for diesel on Sunday – have helped accelerate demand for electric cars.

In February, 10,417 battery electric vehicles (BEV) were registered.

This is 196.3% more than a year ago when there were 3,516 registrations and 402.6% more than in February 2020 when 2,508 registrations were made.

However, the switch to electric vehicles was still met with concern, as the UK only has 15% of the electric vehicle charging points it needs to reach its net-zero target by 2050.

And concerns about where to charge is the number one concern keeping Brits from abandoning their petrol and diesel vehicles, according to the Department for Transport.

Already in December 2020, Prime Minister Boris Johnson announced £1.3bn to accelerate the roll-out of EV charging points in homes, streets and motorways.

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https://www.mirror.co.uk/money/homeowners-can-make-3000-year-26518441 Homeowners can make £3,000 a year by renting out the driveway to electric car owners

Fry Electronics Team

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