Government’s EV investment ‘falls short of demand’
- 22 October 2021
- Posted by: Alan Feldberg
- Category: News
The government’s investment plans in electric vehicle charging infrastructure do not go far enough to meet the huge demand for EVs.
That is according to one of the country’s leading car leasing businesses, Vanarama, which has seen orders for electric vehicles surge by 1,000% this year.
The government has pledged to invest £620m in infrastructure as part of its net zero strategy, but Andy Alderson, founder and CEO of Vanarama, says more is needed.
He said: “The government needs to act and act quickly if it is to remain on course for its Net Zero targets. We are seeing massive demand for electric vehicles and that demand is growing all the time. But if nothing is done to improve the availability of public charge points, we risk losing the momentum. Every car manufacturer has accelerated plans for electric vehicles and it’s imperative that the government follows suit.”
It is estimated that 40-50 charge points need to be installed across the country every single day to keep pace with current demand.
Alderson continued: “We’ve been seeing electric vehicles grow in popularity for quite a few years now but the pace of change since the pandemic and particularly since the fuel crisis has been off the charts.”