Chancellor gives £400m boost to the EV industry

Posted 23 November 2017

"We must shift to electric as soon as possible"

Those were the words of the Chancellor of the Exchequer yesterday as he announced a £400m investment fund into Electric Vehicle charging infrastructure as part of the 2017 Autumn Budget. A total of £540m is being invested in the EV industry, including £400m on building the next generation in charging infrastructure.

Currently, there are only 14,000 EV charge points across the UK, with most of these deploying charging power far less than 50kW, let alone the 150kW mark that is expected to become commonplace in 2018. With just over 125,000 plug-in vehicles on UK roads, that puts the ratio of EVs to charge points at around 8:1. With the Government's planned investment this ratio will become smaller, charging speeds will increase, and mass EV adoption will become reality.

"We are on the brink of a technology revolution"

The Chancellor also touched on the impact autonomous cars will have on the industry and has shown his backing for self-driving vehicles by pledging  £500m into the wider tech industry, including £40m to be invested in research & development for electric and autonomous cars. 

'We want the UK government to seize the initiative by committing to no new diesel or petrol cards by 2030 rather than 2040, in order to unlock investment and encourage this game changing shift' - Head of Energy & Climate at WWF.

Latest News

Germany lays the foundations for electric vehicles

21 September 2018

Germany lays the foundations for electric vehicles

With Germany on a drive to clean up its streets, electric cars are increasingly part of the journey towards a low carbon economy.

PM unveils plans for UK to become world leader in low emission tech

11 September 2018

PM unveils plans for UK to become world leader in low emission tech

PM Theresa May will announce £106 million for R&D in green vehicles, new batteries and low carbon technology at the UK's first Zero Emission Vehicle Summit.

Liam Fox MP Praises The EV Network & Leclanché Partnership

11 September 2018

Liam Fox MP Praises The EV Network & Leclanché Partnership

The EVN Vision...

 

  

  • 1 National Coverage Across the UK
  • 2 Fastest Charging Speed 150kW+
  • 3 Using 100% Renewable Energy & Battery Storage

Our mission

Top