The additional funding includes £20 million for 2020-21 and local authorities are invited to submit applications to receive this funding.
Local authorities can receive a grant to part fund (75%) the capital costs relating to the procurement and installation of on-street electric vehicle chargepoint infrastructure in residential areas.
OLEV will provide up to £6,500 per chargepoint installation, and each project should not exceed more than £100,000 in OLEV funding (applications up to £7,500 per chargepoint will be reviewed on a case by case basis).
Funding will be allocated to successful applications on a first-come, first-served basis.
OLEV will now pay 75% of any successful bid upfront, while the remaining 25% can be claimed on completion of the project. All costs associated with the installations must be evidenced. If the total project costs come in under the 75% paid in advance, the local authority will be required to reimburse OLEV.
