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UK government increases funding for on-street electric car charging

13 August 2019

The United Kingdom government announced it had increased the funding for on-street electric car charging by an additional GBP2.5 million (USD3 million), in a press release on 12 August. The funding will be used to set up 1,000 new residential street charge points. "It's fantastic that there are now more than 20,000 publicly accessible charge points and double the number of electric vehicle charge points than petrol stations, but we want to do much more. It's vital that electric vehicle drivers feel confident about the availability of charge points near their homes, and that charging an electric car is seen as easy as plugging in a smartphone. That's why we are now doubling the funding available for local authorities to continue building the infrastructure we need to super-charge the zero emission revolution—right across the country," said Transport Secretary Grant Shapps.

Significance: The additional funding will support the on-street residential chargepoint scheme, launched in 2017, which helps people access charging infrastructure near their homes when they don't have off-street parking. It will go towards helping local authorities to install these charge points, which can be built into existing structures like lamp-posts. The scheme has already seen 16 local authorities prepared to install 1,200 charge points this year. The United Kingdom is aiming for net zero emissions by 2050. By 2040, the country is planning to stop sales of all new petrol and diesel cars, vans. The allocation of funding for on-street residential charge points is part of the GBP1.5 billion investment underpinned by the Road to Zero Strategy. The government is also investing GBP37 million in British engineering to develop electric chargepoint infrastructure.

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The above article is from SupplierInsight by IHS Markit. SupplierInsight provides a wealth of original thought leadership, data, and analysis on a broad spectrum of automotive industry topics and sectors. Content includes news and analysis, topical reports, supplier profiles, and an automaker-supplier relations database across 13 domains. Visit SupplierInsight to view all our offerings.

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