The multi-million pound initiative aims to boost the future roll out of electric vehicles across the UK by enabling businesses to access funding for the construction of more charging points, making it easier and more viable for the public to make the switcher to cleaner, ultra-low emission cars.
The fund is made up of £200m of government investment, which is to be matched by another £200m from the private sector.
Exchequer Secretary to the Treasury, Robert Jenrick, said: "We want the UK to be a world leader when it comes to the number of electric cars on our roads. Uptake is increasing and we want the opportunity to own an electric vehicle to be available to all.
-- Advertisement --
"But crucial to encouraging the take-up of these cars across the country is increasing people's access to charging points. We want to scale up at pace and ensure interoperability for ease of use.
"This fund is a vital step in our mission to change the way we travel, create new jobs and protect our environment for future generations.
"This builds on our ambitions set out in The Road to Zero to encourage new homes to be built with charging-points."
The bidding process follows the launch of the Road to Zero Strategy which sets out the Government's long term plan to have at least half of new cars be ultra-low emission by 2030 and all new cars and vans be effectively zero emissions by 2040.
For more information, visit here.
(LM/MH)
