£70 million to be spent on EV charging stationssupported by Grant Funding
By paulbarlow78, Apr 30 2013 08:45PM
The Secretary of State for Transport announced on 19th
February 2013 a new package of measures to support the
uptake of Plug-In vehicles in the UK. The government
committed £400 million to encourage the purchasing of full
electric and electric hybrid vehicles of which £37 million has
been directly allocated for the installation of tens of
thousands of EV charging points throughout the UK.
This £37 million represents approximately 60% grant
towards the installation of EV charging points which in effect
means that by the time the private sector has covered the
remaining 40%, a total of £62 million will be spent on
government-supported EV charging points by April 2015.
In addition, it is believed that a further £10 to £15 million
worth of privately-funded EV charging station installations
will take place during this period in order to satisfy planning
permission requirements and the anticipated demand for
accessible EV charging stations.