U.K. Seeks Fund Manager for Electric Vehicle Charging Fund
This article is for subscribers only.
The U.K. Treasury began its search for a manager to oversee a new 400 million-pound ($526 million) fund that will encourage drivers to switch to electric vehicles by building charging infrastructure.
The Charging Infrastructure Investment Fund manager will be tasked with raising 200 million pounds from the private sector to match the same amount of money set aside by the Treasury, which was first announced by Chancellor of the Exchequer Philip Hammond in last year’s Budget.