Serving police constable Wayne Couzens was charged on Friday evening with kidnapping and killing the marketing executive, who went missing while walking home from a friend’s flat in south London on March 3.
He is due to appear at Westminster Magistrates’ Court on Saturday.
In a statement, Rosemary Ainslie, head of special crime at the CPS said: “Following a referral of evidence by the Metropolitan Police related to the death of Sarah Everard, the CPS has authorised the police to charge Wayne Couzens with murder and kidnapping.”
It comes as Scotland Yard confirmed on Friday afternoon that human remains found in an area of woodland in Ashford, Kent two days earlier had been identified as Ms Everard.
Metropolitan Police Assistant Commissioner Nick Ephgrave said: “Clearly Sarah’s family have been updated with this most distressing news.
“I just want to pause for a moment and say that my thoughts and prayers, and those of the entire organisation, remain with her and with them at this awful time.”
Scotland Yard is facing an investigation by the police watchdog into its handling of separate allegations of indecent exposure against Couzens, who is in the Parliamentary and Diplomatic Protection Command.
He was alleged to have twice exposed himself at a south London fast food restaurant three days before Ms Everard went missing.
The Independent Office for Police Conduct is to probe whether two officers “responded appropriately” in their investigation.
A forensics team searched an area of land outside the back fence of the Couzens’ house in Deal, Kent, on Friday, while uniformed officers were posted at a derelict garage in Dover, which was run by his family.
Ms Everard is thought to have walked through Clapham Common towards her house in Brixton – a journey which should have taken around 50 minutes.
Her death has prompted an outpouring of grief from the public, with many women and girls sharing stories online of experiencing violence by men.
It has led to the Home Office reopening a public consultation on how to tackle violence against women and girls, with officials considering a proposal for legislation to protect women against public sexual harassment.