Liberty Charge, the joint venture created by Liberty Global and Zouk Capital to roll out on-street electric vehicle (EV) charging points in the UK, has announced the completion of its first installation in the London borough of Waltham Forest.
The project will see the joint venture install 20 charging points across ten sites in the borough, with this increasing to 50 sites as future locations are determined.
The announcement follows a report from Policy Exchange in February which found the UK needs to install five times as many EV charging points to meet its climate goals.
Waltham Forest is the first installation in a national programme being rolled out by Liberty Charge. More areas for deployment will be confirmed during the course of this year as Liberty Charge continues discussions with local authorities throughout the UK.
The joint venture, which was set up last May, leverages Liberty Global’s UK subsidiary, Virgin Media’s network infrastructure, deployment capabilities and relationships with local authorities.
Zouk is the manager of the Charging Infrastructure Investment Fund (CIIF), the dedicated finance established by the UK government in 2019 and backed by HM Treasury to help develop public charging infrastructure points for electric vehicles throughout the UK.
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By GlobalData“Recent research has highlighted the need to do much more to meet the rising consumer demand for electric vehicles charging if the UK government’s carbon neutral targets are to be met,” saiid Liberty Charge CEO, Neil Isaacson.
“There are many challenges on the road to net zero and at Liberty Charge we’re doing everything we can to ensure charging infrastructure is not a limiting factor.”
The charging points will be operated by EV DOT, a publicly accessible electric vehicle charging network owned and operated by BMM Networks. The charge points provide access to a charging capacity of up to 22 kW and cost EV drivers 30p per kWh to charge.
