UK budget includes £400 million for charging infrastructure and £100 million for EV purchase incentives

Nicolas Raymond UK Flag

The UK’s Autumn Budget, recently presented to Parliament, includes a number of measures designed to support electromobility and renewable energy.

The government proposes to establish a new Charging Investment Infrastructure Fund with an investment of £400 million ($530 million), half of which is to be provided by matching private investment.

The budget also includes £100 million ($133 million) in new funding for EV purchase incentives.

The government has committed to electrifying 25% of cars in government fleets by 2022. It will mandate that all new homes are built with the capacity to install EV charging stations, and will eliminate the benefit-in-kind charge on electricity that employers provide for employee workplace charging.

The budget also establishes a £220-million ($292-million) Clean Air Fund for local areas with high air pollution. Local authorities will decide how to use the money to reduce air pollution, for example by subsidizing public transport, or purchasing more energy-efficient buses.

 

Source: Green Car Congress