Pod Point’s profit skyrockets as EV market soars February 18, 2022 Electric vehicle (EV) charging firm Pod Point has reported skyrocketing profits as a result of strong consumer demand. In the year ended 31 December, the company registered an 86 per cent increase in year-on-year revenue, going up to £61.4m, while gross profit surged 99 per cent. Gross margins went up two per cent, while home [...]
Which? calls on government to deliver EV charge points upgrade February 17, 2022 Consumer group Which? is lobbying with the UK national and devolved governments to deliver an upgrade to electric vehicle (EV) charging infrastructure. The customer champion’s annual car survey revealed that EV drivers rely on the public network to charge their vehicles only 13 per cent of the time, while charging related fears constitute the biggest [...]
Eurocell builds £600m European gigafactory to produce batteries in a year February 16, 2022 Anglo-Korean battery producer Eurocell announced today it will build its first European gigafactory and start delivering batteries by next year. With an initial £600m investment, Eurocell’s gigafactory will mass produce and export its batteries from one of the main markets – the UK, Spain or the Netherlands. The company has said that the factory’s location [...]
Automotive industry calls for new regulator to govern EV charge point mandate February 16, 2022 The UK automotive industry is lobbying for an independent regulator called Ofcharge to govern the mandate of electric vehicle (EV) charge points. The sector released today a seven-point plan to ensure UK drivers benefit from an affordable and available EV charging network, working alongside the government and other stakeholders to establish mandated targets for infrastructure [...]
Swedish EV maker Polestar to open research base in the Midlands February 15, 2022 Swedish electric vehicle (EV) manufacturer Polestar announced today it will open a new research facility in the Midlands, creating employment opportunities for more than 800 people. The firm, which has already a facility in the Midlands town of Nuneaton, has chosen the area once again because of the presence of both Formula 1 engineers and [...]
Wandsworth ramps up EV infrastructure roll out February 15, 2022 Wandsworth has increased its electric vehicle (EV) infrastructure push, adding more sites to the roll out begun last year. The council’s deployment sites will go up from 26, six of which already live, to 35, comprising 65 dual-socket charge points which will charge up to 130 vehicles at a time. The points will be operated [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
SMMT: EV bolster January growth but shortages hinder recovery February 4, 2022 The UK automotive sector has recorded a positive start to the year, with 115,087 new cars registered – 27.5 per cent up on 2021 levels. According to Society of Motor Manufacturers and Traders (SMMT) figures, January’s growth was driven mainly by electric vehicles (EV), with battery electric, plug-in hybrid and hybrid cars account for 71.5 [...]
MPs call on government to deliver new motoring tax to avoid £35bn hole February 4, 2022 The UK Government could find itself with a £35bn financial hole if it doesn’t introduce an alternative motoring tax before 2030, according to a new transport committee report. MPs have argued that by banning the sale of new petrol and diesel vehicles from 2030, the Treasury could lose two sources of income, fuel duty and [...]
RAC backs campaign to end ‘unfair’ VAT on public EV charging February 2, 2022 Automotive services firm RAC has backed a national campaign to end the ‘unfair’ VAT on public electric vehicle (EV) charging, which sees EV drivers pay four times more for electricity. According to the FairCharge campaign, VAT on domestic electricity is charged at 5 per cent while motorists using public charges pay 20 per cent of [...]