Trojan Energy Reviews Strategic Options Amid UK EV Tax Policy Changes

Recent UK government tax proposals affecting electric vehicles have prompted companies in the charging infrastructure sector to assess their future strategies.

Trojan Energy, which began operations in 2016, has installed more than 1,500 electric vehicle charging points and is partially owned by BGF. The company raised £26 million two years ago from investors including BGF and the Scottish National Investment Bank.

Trojan Energy is currently working with Interpath Advisory to evaluate its strategic options. These options include the possibility of a sale to new investors, and bids for the company were anticipated during the week of the review.

The UK Treasury has announced plans to implement a 3 pence-per-mile tax on electric vehicles starting in 2028. In addition, the Treasury is reviewing the application of a 20% VAT rate on public charging points, compared to the current 5% rate for home charging.

What the numbers show

• Trojan Energy has installed over 1,500 charging points since 2016
• The company raised £26 million from investors two years ago
• EV sales growth slowed to 3.6% in November 2025
• The proposed mileage tax is set at 3 pence per mile from 2028
• VAT on public charging could increase from 5% to 20%

There are concerns that the introduction of a mileage-based tax and potential VAT changes on public charging could affect future demand for electric vehicle charging infrastructure. These policy changes are being monitored by companies and investors in the sector.

In November 2025, the growth rate for electric vehicle sales slowed to 3.6%, which was the lowest figure recorded in nearly two years. This slowdown occurred ahead of the Treasury's announcement regarding the new tax measures.

Trojan Energy's review of its strategic options comes as the sector evaluates the impact of the proposed tax and VAT changes. The company has not made any public statements regarding the outcome of the review or the status of the bids received.

The Treasury's proposed measures and ongoing reviews are part of broader changes to the taxation of electric vehicles and related infrastructure. Companies operating in this area are responding to these developments by reassessing their investment and operational strategies.

* This article is based on publicly available information at the time of writing.