Spending Review: £1.9bn for charging infrastructure and incentives
Following on from the Government’s decision last week to phase out the sale of new petrol and diesel cars and vans by 2030, the Chancellor's Spending Review confirms details of support for EV infrastructure rollout.
£1.9 billion will be spent on charging infrastructure and consumer incentives, which includes £950 million to support the rollout of rapid electric vehicle (EV) charging hubs at every service station on England’s motorways and major A-roads.
£582 million for the Plug-in Car, Van, Taxi, and Motorcycle Grant until 2022-23, reducing the sticker price of zero and ultra-low emission vehicles for the consumer
£275 million to extend support for charge point installation at homes, workplaces and on-street locations, while reforming these schemes so that they target difficult parts of the market such as leaseholders and small and medium-sized enterprises (SMEs)
£90 million to fund local EV charging infrastructure to support the roll out of larger on-street charging schemes and rapid hubs in England.
The Spending Review also confirmed £500 million to be spent in the next four years on the development and mass-scale production of electric vehicle batteries and support for associated supply chains, boosting investment into our strong manufacturing bases including in the Midlands and North East.