Transport for London, through its property subsidiary, Place for London Ltd, has issued an invitation to tender to be part of its Electric Vehicle Charging Hubs Joint Venture.

The value of the project is expected to be circa £3bn.

Places for London’s Joint Venture (JV) proposition is based on it holding a minority share (49 per cent) in a JV company which will design, build, operate, and maintain industry-leading electric vehicle charging infrastructure, ancillary and complementary facilities, on up to five properties. This may be scaled up to 65 at a later date.

Three of the five sites are in West London, one in Hillingdon, another at Hanger Lane, Ealing and one at Hatton Cross, Heathrow.

The JV partnership, which will help support the Mayor of London’s commitment to achieve Net Zero carbon by 2030, aims to deliver new off-street charging hubs that simultaneously charge multiple vehicles. The sites will also help support placemaking in the local areas by including retail and welfare facilities on some of the larger sites where possible.

London leads the UK in the uptake of EVs, with 142,000 plug-in electric cars and vans already registered in the capital.* With almost 18,300 charge points to date, London currently has more than a third of all EV charging infrastructure across the UK, more than any other UK region.

Seb Dance, London’s deputy mayor for transport, said: “The wheels of change are turning on London’s streets – and they’re electric. Londoners are charging ahead with electric vehicles, registering new electric cars at a far greater rate than the rest of the UK.

“London is leading by example, with over a third of all charge points in the UK installed in our city so far. The joint venture for ultra-rapid charging hubs announced today will make it even easier and more convenient for Londoners and local businesses to switch to electric vehicles. This will help build a better London for everyone – a city that is cleaner, greener, and healthier for all.”

Mark Farrow, director of strategy and planning at Places for London, said: “We are excited to be launching the search for a partner to work with us on bringing forward a number of new electric vehicle charging hubs. These charging hubs will make it even easier for those who need to rapidly charge their electric vehicles, with several bays at each location.

“These hubs will not only help encourage others to confidently make the transition to electric vehicles, they will also help generate vital revenue that can then be reinvested into the wider transport network, further encouraging the use of sustainable transport, while simultaneously working toward the Mayor of London’s commitment to achieving Net Zero carbon by 2030.”

 As part of its Electric Vehicle Infrastructure Strategy, TfL’s modelling predicts that London will need around 4,000 rapid charge points by 2030 if current demand continues. To help achieve this number, TfL is considering bringing more of its land into use for EV charging bays. It is also working with other Greater London Authority (GLA) family members and borough councils to bring further sites across London.

As part of its Electric Vehicle Infrastructure Strategy, TfL’s modelling predicts that London will need around 4,000 rapid charge points by 2030 if current demand continues. To help achieve this number, TfL is considering bringing more of its land into use for EV charging bays. It is also working with other Greater London Authority (GLA) family members and borough councils to bring further sites across London.

 

 

© London West (powered by ukpropertyforums.com).

Sign up to receive our weekly free journal, The Forum here.