Government confirms EV cash from spending review

More detail has been added to the government’s “10 point plan” for green growth, including infrastructure and new funding for electric vehicle acceleration.

Fresh multi-year capital settlements include targeting investment towards funding for electric vehicle charging infrastructure, the Treasury has said.

It also re-affirmed its commitment to banning the sale of ICE vehicles by 2030, and to invest a total of £1.9 billion in charging infrastructure and consumer incentives.

The investment includes £950 million to support the rollout of rapid charging at motorways and service stations; £582 million for the plug-in vehicle grant until 2022-23; £275 million to extend support for charge point installation at homes, workplaces and on-street locations; and £90 million to fund local EV charging infrastructure to support the roll out of larger on-street charging schemes and rapid hubs in England.

Other clean transport

As well as supporting the decarbonisation of private vehicles, the government is making major investments in other clean forms of transport.

Some £257 million for cycling and walking has been set aside for next year and another £120m for zero emission buses, which, when combined with the all electric bus town project, will support 800 buses as part of the government’s commitment to 4,000 of such vehicles.

An additional £81 million in research and development funding is also due to be provided for low and zero emission transport technologies, such as sustainable aviation fuels, clean maritime zero emission freight trials, electric vehicle charging solutions, and funding for a Hydrogen Transport Hub in the Tees Valley.

Sign up for our essential
newsletter service.

Enter your details here.