Boris Johnson cuts electric car funding by two-thirds and seeks sponsor

Boris Johnson has authorised deep cuts to an electric cars scheme which he launched last year to great fanfare, promising to make London the “electric car capital of the world“. The mayor had promised to introduce 100,000 electric cars and build 25,000 charging points thanks to his “unprecedented package of measures”.

But Mr Johnson only promised to find £20m of the £60m package, with the rest dependent on a decision from central government. Now he is cutting that £20m contribution to just £7m, leaving a void which he hopes to fill with corporate sponsorship – similar to the £25m deal by Barclays to be the face of the cycle hire scheme.

Tony Bosworth, transport campaigner for Friends of the Earth, said that electric cars would play a vital role in cutting emissions in the future and it was important for local government to back such schemes. “The mayor did make a big noise about this project, he must now make sure that funding is found to keep the plan alive.”

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Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.

Contributors

Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.

Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.

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