A statement from (Finance Minister) Phillip Hammond has pledged more funds for electric vehicle charging infrastructure to ‘supports the transition to zero emission vehicles’. He also used the annual public spending statement opportunity to increase some taxes applying to diesel cars.
The fund is designed to help the deployment of infrastructure needed to support the switch to cleaner cars and reduce pollution. The investment will help to create a more accessible and viable network of EV charging stations on a national level, imploring citizens to rethink their current motoring habits.
In addition, the government is investing an extra £100 million for EV charger grants, to help subsidise the cost of buying a battery-electric vehicle to support consumers making the move to zero-emission transport. A number of electric car grant schemes are available, including the OLEV home charging point grants and OLEV workplace charging grants.
This announcement is part of a wider £4 billion pot of funding that was announced on 20 November, which is pot to support the commercial development of new technologies, specifically in the EV charging sector.
Bad news for potential petrol and diesel drivers with an increase to the annual VED or Road Tax looming and earlier this year, the government announced a target to ban the sale of diesel and petrol engine cars and vans from 2040.
Dan Martin, the CEO of Elmtronics stated:
“We couldn’t be happier with this news, its a very exciting time for the industry especially with more and more businesses turning to EV Charging. Technology is constantly improving and will improve massively over the next few years, battery levels are already seeing an improvement with the cost of lithium decreasing with demand allowing manufacturers to build larger battery packs. With the extra support from the government we will start to see more improvements in the industry.”
Exciting news for the EV charging and motoring industry, where it is hoped others will share Elmtronic’s vision for a more sustainable motoring future. We are pleased to be playing a role in improving and developing the UK’s EV charging infrastructure in a variety of markets.
Elmtronics are proud to offer electric car charging points for business and commercial EV chargers. Our services and expertise specialise in providing organisations the best and most cost-effective electric vehicle charging solutions. Our products and service offer EV charging solutions ranging from standard to rapid EV chargers. We are confident to provide the perfect solution for the public sector’s electric car charging needs.
If you would like to join the growing initiative for a zero-emissions motoring industry contact Elmtronics today to discuss your every EV charging needs. Our knowledgeable and friendly team are always happy to help with any queries you may have and will always recommend to most suitable solution. Contact us today and arrange a free no obligation EV charging survey.