Believ, a subsidiary of Liberty Global Ltd., has secured a £300 million investment facility to expand its electric vehicle $(EV)$ charging infrastructure across the UK. This funding will enable the installation of at least 30,000 public EV charge points, significantly enhancing accessibility to EV charging for drivers. The investment, led by Believ's joint owners Liberty Global and Zouk Capital, along with four major banks, marks a critical step towards meeting the UK's target of 300,000 public charge points by 2030. Believ plans to allocate much of the funding to on-street residential locations, rapid charging hubs, and underserved rural areas, ensuring widespread support for the transition to electric vehicles. This development emphasizes the role of private sector partnerships in addressing the urgent need for sustainable transport solutions and supporting local communities by improving air quality and reducing carbon emissions.
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