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Ofgem Approve £300 Million Electric Vehicle Charging Program

The UK’s electric vehicle charging network will be TRIPLED in size in the next two years.

Ofgem have revealed they will pledge more than £300 million to create 3,550 new ultra-rapid charging points across the UK.

The investment will back more than 200 low carbon projects and is part of a broader investment program to create cleaner energy.

They want to make charging points more accessible to encourage motorists to invest in green technology and ditch diesel and petrol cars for electric alternatives.

Motorway service areas and key trunk road locations will get cabling to install 1,800 ultra-rapid charging points – along with 1,750 charging points in town and cities.

Greener Energy

Jonathan Brearley, chief executive of Ofgem said: “This £300 million down payment is just the start of building back a greener energy network which will see well over £40 billion of investment in Britain’s energy networks in the next seven years.

“The payment will support the rapid take up of electric vehicles which will be vital if Britain is to hit its climate change targets. 

“Drivers need to be confident that they can charge their car quickly when they need to. We’re paving the way for the installation of 1,800 ultra-rapid charge points, tripling the number of these public charge points. Drivers will have more charging options for longer journeys.

“In the year that Glasgow hosts the COP26 climate summit, the energy networks are rising to the challenge and working with us and partners to accelerate projects that can start now, benefiting consumers, boosting the economy and creating jobs.”

Electric Cars

Rachel Maclean, Transport Minister said: “I warmly welcome today’s news from Ofgem, which will greatly improve the resilience of our charging network as we build back greener.  

“With more than 500,000 electric cars now on UK roads, this will help to increase this number even further as drivers continue to make the switch to cleaner, greener vehicles.” 

The investment is part of a £40 billion investment in greener energy and will include improvements to motorway networks and in town centres.

It will be delivered over the next two years and every region in the UK will benefit from the upgrade, as work begins to meet the Governments pledge to achieve Net Zero.

Crucial Investment

James Hopcraft, Managing Partner of HallCraft, said: “This is a crucial investment as it is clear, electric cars are the future but we have a long way to go yet.

“The advances made by the motor industry in recent years has been hugely impressive but unless the infrastructure exists to support these electric vehicles it just won’t happen.

“In actual fact, there are more charging points available than many motorists understand but there are still not enough, and that means there isn’t consumer confidence to support their growth but this is a good start.”

HallCraft have been providing MOTs, servicing and accident repairs to cars and vans from their Cradley Heath base for more than 25-years.

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RSS BBC News – Global Car Industry