The government has opened bidding for the management of its £400 million Charging Infrastructure Investment Fund.
The fund was set out in the Budget last year so that the roll out of electric vehicles and electric vehicle charging points can be increased; the investment is made up of £200 million from the government, which has been matched by the private sector.
Announced just prior to Parliament’s summer recess, the bidding for the Charging Infrastructure Investment Fund will give businesses vital support to build these charge points throughout the country, not only boosting the industry and its jobs, but giving the UK the charging points it requires to cope with what will be a huge rise in these vehicles in the coming decades, as the problem of air pollution is addressed even further.
By building more charging points, it will help to reduce pollution because the roll out will give the public a more viable chance to make the switch to ultra-low emission vehicles.
For businesses too, it will accelerate the use of more environmentally friendly vehicles, reflecting more stringent regulations on fleets, ensuring their harmful emissions continue to fall.
When announcing the opening of bidding for the Charging Infrastructure Investment Fund, Robert Jenrick, Exchequer Secretary to the Treasury, said this funding is “vital.”
He said: “We want the UK to be a world leader when it comes to the number of electric cars on our roads. Uptake is increasing and we want the opportunity to own an electric vehicle to be available to all.
“But crucial to encouraging the take-up of these cars across the country is increasing people’s access to charging points. We want to scale up at pace and ensure interoperability for ease of use.
“This fund is a vital step in our mission to change the way we travel, create new jobs and protect our environment for future generations.
“This builds on our ambitions set out in the Road to Zero to encourage new homes to be built with charging points.”