The ultra-fast charging stations will be able to charge domestic and commercial EVs up to 80% in 30 minutes. Under the first phase of the agreement, InstaVolt, will install the EV charging infrastructure in Tiverton, Cullompton and Crediton.
The ultra-fast EV charging stations will be available for EV owners on a pay-as-you-go basis unlike existing stations which are only used by subscribers.
The deal falls under efforts by the council to boost the adoption of EVs and clean energy to reduce carbon emissions in the area.
EV charging infrastructure funding
The news follows an announcement made by the UK government in 2016, that it signed an agreement with automaker Jaguar Land Rover to reinforce the nation’s grid and develop infrastructure that will support adoption of EVs.
Following the agreement, the UK Ministry of Finance will provide $484 million in funding to ensure the nation’s grid infrastructure is able to support the growing number of EVs and autonomous vehicles.
The capital will be used to fund clean energy projects to ensure the UK contributes at least 12 to 15GW of electricity to boost grid reliability.
The money will fund development of EV charging stations as well as manufacturing of EVs and autonomous vehicles.
In addition, the UK government agreed to draft and implement policies to support an increased manufacturing of EVs, EV infrastructure development and the adoption of UK manufactured EVs, locally and abroad. [EU agrees to boost the Germany EV market].
Ralf Speth, CEO of JLR said his firm will take advantage of the support from the UK government to reach its target of manufacturing one million EVs by 2020. The JLR and the UK government partnership is expected to improve the UK economy by creating 10,000 new jobs and help the region meet carbon emission reduction targets.
The funding falls under efforts by the UK government to ensure the UK benefits from the global EV market which it forecasts to generate revenue of up to $1.1 trillion by 2025.
Image credit: InstaVolt.