£300 million to be invested in EV charging | FOS Future Lab

Investment in 200 low-carbon projects has been greenlit, which will include 3,550 chargers across the country over the next two years. Around 1,800 of these will be ultra-rapid chargers installed at motorway service stations, while 1,750 additional charge points are destined for urban areas. The investment is expected to cost energy consumers around 65p per bill in that time.

This £300 million is just the start, too. Ofgem Chief Executive Jonathan Brearley intends to invest £40 billion in ‘green’ projects over the next seven years, on the march toward the UK’s 2050 net-zero deadline.

An additional £166 million fund is also being earmarked by the government for green technology investment. Relevant projects include low-carbon hydrogen and carbon capture tech.