As part of a £300 million low-carbon investment program, Ofgem wants to speed up the roll-out of electric vehicle charging stations, which would be partially funded by higher bills.
According to the UK's energy regulator, investment in power distribution network cabling would enable the construction of 1,800 ultra-rapid charging stations alongside motorways and trunk roads, more than tripling the current network.
According to the regulator, this could potentially support more than six million car journeys a day.
The investment will also help fund the installation of 1,750 additional charging stations in towns and cities, according to the statement.
As part of its goal to reduce emissions to zero by 2050, the United Kingdom will prohibit the sale of new petrol and diesel cars beginning in 2030.
However, making the transition to electric cars would necessitate a significant investment in infrastructure, both to meet increased demand and to assuage motorists' concerns about not being able to refuel on long trips.
According to the Ofgem study, the lack of charging points is a major deterrent to making the switch.
The regulator's £300 million investment program includes a total of 204 net-zero projects, including the installation of heat pumps and the electrification of Cumbria's Windermere ferry.
The first half will come from power producers' current expenditure allowances, while the second half will come from higher consumer bills, which are expected to rise to 65p per household annually over the next two years before dropping to 15p.
The new announcement is part of a £40 billion investment program to support the UK transition to low-carbon transportation and heating while ensuring energy security.
Jonathan Brearley, Ofgem's chief executive, stated: "This £300 million deposit is just the beginning of the process of restoring a more environmentally friendly energy network.
"The payment would help accelerate the adoption of electric cars, which is critical if the UK is to meet its climate change goals.
"Drivers must be assured that they will be able to charge their car quickly when required."