November 23, 2021
2 mins read

UK PM to announce electric vehicle revolution

The government estimates that 1,45,000 extra charging points will be added per year as a result of the new move….reports Asian Lite News

Prime Minister Boris Johnson will strive to bolster the country’s clean energy credentials by announcing that all new buildings in England will be required to have electric vehicle charging stations from next year. The Prime Minister is expected to outline “world-leading” proposals to toughen up requirements for new homes and buildings in a speech to the Confederation of British Industry (CBI) on Monday.

In an attempt to assist in phasing out the usage of gasoline and diesel cars before their sales end in 2030, the developers will be required to install electric vehicle charging points on sites like supermarkets and office buildings.

The government estimates that 1,45,000 extra charging points will be added per year as a result of the new move. Buildings that are undergoing renovations and will have more than 10 parking spaces will also come under the ambit of the new regulations. Meanwhile, PM Johnson is expected to highlight the need for renewable energy just weeks after the UK hosted COP26, saying the country is at a crossroads and that “we cannot continue on as we are,” reported the outlet. He will inform business executives that public spending should not be used alone to “adapt our economy to the green industrial revolution,” but that the government will focus on research and technology investment, productivity growth, and “then get out your way.”

The government will also fund a £150 million loan scheme, distributed by ‘Innovate UK’ over three years. It will be done in order to assist British small and medium-sized businesses in commercialising their most recent research. The “innovation loans” will be available to a wide range of industries, including green enterprises, and will be based on a business pilot. In addition, a further £9.4 million has been confirmed for a ‘first-of-its-kind hydrogen project’ in the UK’s largest onshore wind farm near Glasgow, according to Downing Street.

The funds will be used to support the Whitelee green hydrogen programme, which aims to build the country’s largest “electrolyser.” It is a system that converts water into hydrogen gas and is utilised to store energy and deliver zero-carbon fuel to local transportation providers, reported The Guardian. It is worth noting that nearly 26,000 publicly available electric vehicle charging devices, including 4,900 rapid ones, have been installed as part of the government’s goal of reaching net-zero by 2050. Besides, a total of 250,000 points have also been installed in homes and workplaces.

ALSO READ: UK ‘remains prepared’ to suspend NI Protocol

Previous Story

Britain demands China give proof of tennis Shuai’s safety

Next Story

Modi to inaugurate Vibrant Gujarat Investors Summit on Jan 10

Previous Story

Britain demands China give proof of tennis Shuai’s safety

Next Story

Modi to inaugurate Vibrant Gujarat Investors Summit on Jan 10

Latest from -Top News

Tourism Without a Plan? Pakistan Faces Tough Questions

Overcrowding, traffic congestion and mounting waste are putting pressure on popular tourist destinations, highlighting the need for better planning….reports Asian Lite News Desk Pakistan needs to shift its tourism strategy away from

China Seeks Greater Say in Global Affairs

China’s four global initiatives promise cooperation and development, but critics say they could help Beijing challenge US influence and reshape international rules….reports Asian Lite News Desk China’s four global initiatives are expanding

Four Traps Holding Bangladesh’s Economy Back

Extortion, weak investment and troubled bank loans are adding to the challenges facing businesses and workers…reports Asian Lite News Desk Bangladesh’s economy remains trapped in a cycle of political confrontation, corruption, extortion

China Eyes Military Footholds Across Southeast Asia

China’s Belt and Road Initiative is under renewed scrutiny as concerns grow over the security implications of major projects…reports Asian Lite News Desk China is expanding its strategic influence across Southeast Asia
Go toTop

Don't Miss

Labour says UK risks falling behind Poland

The party has drawn up analysis based on World Bank

Iraq, UK hold talks over withdrawal of coalition forces

They also discussed the cooperation between the two countries in