• Latest
  • Trending
UK Slashes $1.2B EV Fund, Prioritizes On-Street Charging Over Motorway Expansion

UK Slashes $1.2B EV Fund, Prioritizes On-Street Charging Over Motorway Expansion

June 23, 2025
DeepSeek Preps AI for Hospitals With Human-Labeled Medical Data

Germany Flags DeepSeek as Illegal, Pressures Apple and Google Over Data Concerns

June 29, 2025
XRP Price Skyrockets 6% as New Era Arrives

XRP Price Skyrockets 6% as New Era Arrives

June 29, 2025
Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

June 29, 2025
Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

June 29, 2025
Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

June 29, 2025
Solana ETF Set For ‘Imminent Launch,’ Analysts Say

Solana ETF Set For ‘Imminent Launch,’ Analysts Say

June 28, 2025
PwC Slashes Fees as AI Ups Efficiency, Prompting Industry-Wide Rethink

PwC Slashes Fees as AI Ups Efficiency, Prompting Industry-Wide Rethink

June 28, 2025
1,310,871,032 SHIB Slash in Shiba Inu Supply, What’s Happening?

1,310,871,032 SHIB Slash in Shiba Inu Supply, What’s Happening?

June 28, 2025
Corporate Bitcoin Holdings Top 800K BTC After More Than Doubling in a Year

Why is XRP Up Today? Catalyst Trio Sees Token Outperform Wider Crypto Market

June 28, 2025
  • Privacy Policy
Sunday, June 29, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto Technical Analysis

UK Slashes $1.2B EV Fund, Prioritizes On-Street Charging Over Motorway Expansion

J_News by J_News
June 23, 2025
in Crypto Technical Analysis, Top News
0
UK Slashes $1.2B EV Fund, Prioritizes On-Street Charging Over Motorway Expansion
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


TLDRs;

  • The UK has cut its $1.2 billion EV motorway charging fund, reallocating £400 million toward on-street charging infrastructure.
  • Government officials say the shift targets real-world needs, especially for households without private driveways.
  • Private companies like BP and Shell have already invested heavily in highway charging, reducing the need for public funding in those areas.
  • The move aligns with global trends showing urban, residential charging access is key to wider EV adoption.

The UK government has made a significant pivot in its electric vehicle strategy, cutting its planned $1.2 billion fund for motorway charging infrastructure and redirecting resources toward on-street charging in residential areas.

The shift, officials say, reflects a more practical response to the evolving needs of everyday EV users, particularly those without access to private parking.

Initially touted as a key enabler of long-distance electric travel, the £950 million Rapid Charging Fund was meant to ramp up ultra-fast chargers along major highways. However, the Department for Transport has clarified that the fund was never formally locked into the national budget. Instead, a new approach is taking shape, with £400 million now earmarked over the next five years to bolster local charging networks, including the £200 million already committed in earlier stages.

UK Refocuses on Residential Access

This policy turn marks a transition from the early emphasis on easing “range anxiety” to tackling the more persistent challenge of everyday charging access. The government appears to be acknowledging that while long-distance charging corridors are largely being developed by private players like BP and Shell, a gap remains in residential urban areas where millions of households lack private driveways or garages.

The decision to focus on street-level infrastructure highlights the limitations of market-driven solutions in less commercially attractive areas. Around 40 percent of UK households fall into the category of “no off-street parking,” meaning home charging is not an option for them. Without reliable, convenient access near their homes, EV ownership becomes unrealistic, regardless of vehicle prices or range improvements.

Private Sector Dominates Motorway Charging 

In that light, redirecting public funds from motorways to neighborhoods makes sense. Shell, for example, has already partnered with IONITY to develop fast charging networks along highways across Europe, and BP’s £130 million acquisition of Chargemaster in 2018 secured thousands of charging points, many of which are already serving intercity travelers.

This suggests that private capital is more than capable of filling motorway infrastructure gaps, freeing public investment for underserved zones.



UK Housing Patterns Require Unique EV Solutions

The UK’s unique housing landscape further supports this policy shift. Compared to many European countries, the UK has a higher proportion of terraced homes without driveways. This makes on-street charging a necessity rather than a convenience. The comparison with cities like Oslo—where high EV penetration was achieved through strong public investment in neighborhood charging—adds weight to the government’s rationale.

Related articles

DeepSeek Preps AI for Hospitals With Human-Labeled Medical Data

Germany Flags DeepSeek as Illegal, Pressures Apple and Google Over Data Concerns

June 29, 2025
XRP Price Skyrockets 6% as New Era Arrives

XRP Price Skyrockets 6% as New Era Arrives

June 29, 2025

Critics, however, may argue that cutting such a significant fund could stall overall EV momentum. Yet officials insist that realigning the budget does not represent retreat, but rather a smarter, more focused deployment of resources. With EV uptake steadily rising, ensuring that infrastructure keeps pace with real-world charging behavior is becoming more important than headline figures.

Meanwhile, this comes even as Uber recently noted, charging access has now overtaken cost as the top barrier to EV adoption, particularly in countries like the UK. The ride-hailing giant has responded by partnering with cities and deploying tools to map charging demand. That only reinforces the notion that successful electrification hinges less on flashy motorway tech and more on accessible, local solutions.



Source link

ShareTweetShareShare

Related Posts

DeepSeek Preps AI for Hospitals With Human-Labeled Medical Data

Germany Flags DeepSeek as Illegal, Pressures Apple and Google Over Data Concerns

by J_News
June 29, 2025
0

TLDRs: Germany declares DeepSeek illegal, citing user data risks under Chinese law. Apple and Google face pressure under EU’s Digital...

XRP Price Skyrockets 6% as New Era Arrives

XRP Price Skyrockets 6% as New Era Arrives

by J_News
June 29, 2025
0

XRP, the fourth-largest cryptocurrency by market capitalization, jumped nearly 6% in the last 24 hours as Ripple signaled it would...

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

by J_News
June 29, 2025
0

Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying...

Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

by J_News
June 29, 2025
0

Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin. The company is pursuing two lawsuits seeking over...

Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

by J_News
June 29, 2025
0

Dogecoin appears to be in the midst of a quiet accumulation phase, with a technical setup that may soon shift...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog