The European Commission has approved German plans to boost its high-speed electric vehicle (EV) charging infrastructure, expected to cost €300m ($319m) over four years. In response, the European Commission said the proposal is in line with EU state aid rules and addresses a real gap in the market without unduly affecting competition in the Single Market. In a statement on Thursday, the commission said it had given approval for the project in order "to support and accelerate the development of EVs as an alternative fuel source". In the UK, £2.5m ($3.1) is being available to increase EV charge points in residential areas, and councils and companies are investigating the potential for turning lampposts into EV charging points, which if viable, could cost just £2,000 each; half that of a conventional charging point.
The European Commission has approved German plans to boost its high-speed electric vehicle (EV) charging infrastructure, expected to cost €300m ($319m) over four years. In a statement on Thursday, the commission said it had given approval for the project in order "to support and accelerate the development of EVs as an alternative fuel source". In the UK, £2.5m ($3.1) is being available to increase EV charge points in residential areas, and councils and companies are investigating the potential for turning lampposts into EV charging points, which if viable, could cost just £2,000 each; half that of a conventional charging point.