EV charging hubs for Oxfordshire receive £1.2M funding from the Office for Zero Emission Vehicles

EZ Charge

Bicester based Charge Point Operator EZ Charge has secured funding for £1.2 million investment from the Office for Zero Emission Vehicles into the Park and Charge Oxfordshire project, and the agreement has now been signed by Oxfordshire County Council.

This funding is from the Office of Zero Emission Vehicles (OZEV), through their On-Street Residential Chargepoint Scheme (ORCS), and allows for the installation of fast EV charging hubs that will shortly be appearing in 20 Local Authority car parks throughout Oxfordshire.

The ORCS is available to UK local authorities to increase the availability of Charge points for residents that do not have access to home charging and provides up to 75% funding for projects addressing this issue. This is one of the largest ORCS grant awards to date.

EZ Charge will supply, install, operate and maintain the chargers.

EZ-Charge is an Oxfordshire based charge point manufacturer and operator dedicated to providing reliable and straightforward EV charging infrastructure. By collaborating with Oxfordshire County Council and the University of Oxford. Up to 280 Charge points will be installed by EZ-Charge and operational by February 2022.

Transport Minister Trudy Harrison said: “Offering accessible and reliable charging infrastructure is vital in our mission to decarbonise transport.

“That’s why I’m thrilled our £20m On-Street Residential Chargepoint Scheme is supporting Oxfordshire County Council, making it even easier for residents to switch to electric vehicles.”

Phil Shadbolt OBE, Chairman and CEO, EZ-Charge “This funding is essential to enable the roll out of this prestigious project for Oxfordshire. We are delighted to be one of the largest ORCS projects thus far. This will give our investors in EZ Charge significant confidence in the project and will enable us to scale up with our ambitious program to deliver the best EV infrastructure in the UK”

Investors in Ez Charge are able to apply for a 10-year bond which is targeting a 6% return and investments are IFISA eligible, for potential tax-free returns.

EZ-Charge is raising finance through Ethex, the UK’s positive investing platform, to raise £1,200,000 to install and operate 280 electric vehicle (EV) charging points in public car parks across Oxfordshire.