The Government has announced that it will double the funding for the On-street Residential Chargepoint Scheme to £10 million, in a bid to improve the accessibility of charging points for EV drivers.
The scheme was put in place to encourage local councils to apply for funding to enable installation of charge points within their area.
According to the Department of Transport, 58 councils have signed up since 2017, with 2000 charge points already being installed thanks to the scheme’s funding.
Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services.