Insights
2025 Spending Review for EVs
On 11th June 2025, HM Treasury set out the government's spending plans for the next three years. What does the 2025 Spending Review mean for EV drivers?
The Rapid Charge Fund
Today’s Spending Review confirmed that the Rapid Charge Fund (RCF) is no more, after none of the fund was allocated. Instead, £400m was announced for the “further rollout of charging infrastructure”.
Announced five years ago, the RCF was a £950m fund for public EV charging along motorways meant to fund a portion of the cost of upgrading connections at service areas, especially in remote areas. The goal of the RCF was to address range anxiety and support consumers to confidently purchase EVs ahead of the 2030 ban on new petrol and diesel vehicles.
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Most of the vast rollout of public charging infrastructure, including at motorway service areas, has been funded by private investment. This rollout has surged ahead despite the RCF being significantly delayed.
Ian Johnston, CEO of Osprey Charging.
How will this affect public charging ?
There will now be collaboration and consultation on the best use of the new £400m, between industry, ministers and officials. Osprey looks forward to emphasising the need for support to deliver otherwise unviable grid connections on critical UK A-Road sites and underserved areas.
With assistance from the government to build reliable public charging across the UK, Osprey and other Charge Point Operators can continue to champion the transition to electric vehicles.
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