Ofgem £300m investment for EV change

With a £300m investment into the switching of Electric vehicles, has Britain got enough charge to make the big switch?

With an investment aimed to be delivered within the next two years, Britain looks to accelerate its efforts in the manufacturing of the infrastructure needed to ready itself for the 2030 ban on sales of new diesel and petrol cars.

Overall, a total of 204 projects throughout the UK will benefit from this new bid.

Last week the government regulator published a study which suggested that approximately 36% of households that are against the purchases of electric vehicles are down to the lack of charging infrastructures.

“The payment will support the rapid take up of EVs which will be vital if Britain is to hit its climate change targets’ states Chief executive of Ofgem, Jonathon Brearley. “Drivers need to be confident that they can charge their car quickly when they need to. We are 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.”

Ofgem £300m investment

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