‘£1bn EV charging fund still unallocated after three years’

A £1 billion fund intended to expand the UK’s electric vehicle charging network, announced in 2020, remains unallocated after more than three years

A fund of nearly £1 billion intended to expand the UK’s electric vehicle (EV) charging network, announced in March 2020, remains unallocated more than three years later.

The fund, named the “rapid charging fund,” was created to increase electrical capacity at motorway service stations and facilitate more rapid EV charging by upgrading the grid.

The fund has yet to begin accepting applications. Initially, a pilot scheme was scheduled for late 2022, but it was postponed to spring 2023 and subsequently to the summer of this year.

Commenting on this delay, David Hall, Vice President of Power Systems at Schneider Electric, emphasised the need for greater collaboration between the government, EV charging operators, building owners and other stakeholders.

Mr Hall said: “In the longer term, investments in microgrids will work to relieve pressure on the national grid and produce localised energy supplies, tapping into solar, wind and even green hydrogen.

“EVs are only as green as the energy that fuels them, which is why clean energy is so vital to the expansion of a sustainable EV charging infrastructure.”

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