New £400 mn Fund to Speed up EV Charging Infrastructure Development in the UK

Plans for a cleaner and healthier Britain stepped up a gear, as the treasury launched a GBP 400 million fund to bolster the EV charging infrastructure

Plans for a cleaner and healthier Britain stepped up a gear, as Ministers announced more than half a billion pounds of investment in green technologies. The Treasury has launched a GBP 400 million fund to bolster Britain’s electric vehicle (EV) charging infrastructure, with the first GBP 70 million allocated for 3000 charge points – more than doubling the number across the UK to 5000.

Rapid charge points can recharge a family car in as little as 20 minutes, compared to existing technology which can take 40 minutes, making the reality of driving electric vehicles easier and more accessible for people across the country. The UK already has one of the largest electric vehicle charging networks in Europe, and this investment will help make that the fastest by installing state-of-the-art technology.

A review is currently underway to explore the provision of charge points across major road networks, meaning drivers could charge their car whilst stopping for a coffee at a service station. The latest investment complements GBP 1.5 billion support to boost the uptake of electric vehicles and make cleaner vehicles more accessible to everyone. This is part of the Government’s ambition to end the sale of petrol and diesel vehicles by 2040.

Transport Secretary Grant Shapps said that “It’s fantastic there is already a rapid chargepoint at almost every motorway service station, and now more charging stations than petrol stations. But I want to see thousands of more chargepoints installed across the UK. This fund will help drum up further investment in charging infrastructure from the private sector, so charging an electric car becomes as easy as plugging in a smartphone.”

Also being announced is a GBP 31.5 million allocation for research into pioneering technologies to remove greenhouse gases from the atmosphere, and  GBP 22 million to research new kinds of air pollutants and minimise their effects on public health.

Exchequer Secretary Simon Clarke said, “We are driving ahead with plans to make travel greener while backing British innovation and technology. I am delighted to announce this funding today that will more than double the number of rapid charge points for electric vehicles on our roads. Britain already boasts one of the biggest networks of charging infrastructure in Europe and soon we will have the fastest thanks to this investment.”

This is the latest in our proud record on climate change –having slashed emissions by over 40 percent since 1990, whilst simultaneously growing our economy, and setting an ambitious target for net-zero emissions by 2050, he added.