- UK CPO Believ has secured £300 million in investment funding to install over 30,000 public EV chargers across the UK.
- The new investment comes from Liberty Global and Zouk Capital, along with Santander, ABN Amro, NatWest and MUFG.
- With the UK as a whole having over 80,000 public chargers online, this new investment will come as a significant boost to the UK’s public charging infrastructure.
Believ to construct 30,000 more public chargers for the UK
Of these 30,000 public chargers set to be constructed on the back of this investment, much of the funding will go towards on-street residential charging locations, helping those without access to off-street parking in the EV transition. Remaining funding will also be allocated to rural locations, as well as dedicated rapid and ultra-rapid charging hubs.
In the longer term, the UK government has set a target of 300,000 public chargers by 2030 (the same year that the ZEV mandate comes into effect). This new major rollout will make a significant contribution to achieving this goal.
Guy Bartlett, Believ CEO, commented on the significant private investment:
“It recognises the scale of investment required and the urgency of the need. Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground. At Believ, we are very proud to be at the heart of this journey.”
Lilian Greenwood MP, Minister for the Future of Roads, reacted:
“We’re working hard to ensure all drivers can charge easily and conveniently – no matter where they are. Believ’s investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of chargepoints across the country.
We’re delivering our Plan for Change by investing over £2.3bn to help industry and consumers make a supported switch to EVs, alongside securing international trade deals and backing British carmakers to drive investment, protect jobs and put money in the pockets of working people.”
