Breaking News

Tweet TWEET

U.K. Offers Funds For Electric Vehicle Charging to Boost Uptake

The U.K. government will offer 37 million pounds ($57 million) to fund charging points for plug-in electric cars in a step to encourage consumers to buy vehicles that pollute less.

The Department of Transport will provide 75 percent of the cost of new power points installed by homes or local authorities, according to a statement on its website. Train stations can also tap funds for the charging points.

The funds, available until April 2015, are part of a 400 million-pound commitment from the government to boost cleaner vehicles and reduce emissions by 80 percent by 2050. Transportation accounted for 21 percent of U.K. greenhouse gas emissions in 2011, the second largest share after the energy industry, government data show.

“Plug-in vehicles can help the consumer by offering a good driving experience and low running costs,” Transport Secretary Patrick McLoughlin said in the statement.

The sum includes 13.5 million pounds for homeowners wishing to fit domestic charge points, 11 million pounds for local authorities to install on-street charging and 9 million pounds to fund points at railway stations, among others, according to the statement.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.