A public charge point operator for EVs has raised concerns that charging infrastructure in the UK faces a funding shortfall of £1.5 billion…

Funding Shortfall for Charge Points

Liberty Charge, a public charge point operator, has claimed that the nation faces a £1.5 billion shortfall in funding for EV infrastructure; putting net-zero targets in jeopardy. Whilst the Government has announced £450 million in funding for the Local Electric Vehicle infrastructure (LEVI) initiative, the company says this is insufficient in meeting costs. 

Overall, the Government has pledged £1.5 billion in funding charge points throughout the country. But Liberty Charge believes that double that amount will be required in rolling out the 300,000 chargers required for a complete transition to electrification of the automotive industry. 

An ‘Urgent’ Need 

Liberty Charge is now calling on the private sector to help fund both the installation and maintenance of charging infrastructure; overcoming the shortfall. It also wants the Government to use LEVI more tactically, prioritising funding where it’s needed most; such as in isolated communities and in rural areas. This, the firm claims, will help to eliminate the ‘postcode lottery’ drivers currently face when trying to access chargers. 

Neil Isaacson, CEO of Liberty Charge, said that private companies “should and can handle the funding gap needed to meet charge point targets”. He added, “local authorities urgently need more resources and funding to boost electric vehicle infrastructure, if the UK is to meet the deadline it has set itself of ending sales of new petrol and diesel cars by 2030.”    

Isaacson concluded, “I understand they’re under-resourced. But the Government will need to go further and faster if it’s really serious about hitting its net-zero target”. 

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