Uber joins London boroughs in £5m EV charger boost March 9, 2022 Hundreds of new electric-vehicle chargers are set to be installed across north and east London, following an agreement between Uber and three London boroughs.
Tevva appoints former Jaguar exec Ian Harnett as chairman March 8, 2022 Electric and hydrogen truck maker Tevva Motors announced this morning it had appointed former Jaguar Land Rover executive Ian Harnett as chairman. Harnett is succeeding David Roberts, who is expected to remain on the board as non-executive director. The new chairman, who held leadership roles at Jaguar since 2009, first joined the truck maker’s board [...]
CMA secures commitments from Gridserve unlocking EV motorway charging competition March 8, 2022 The Competition and Markets Authority (CMA) has secured commitments from energy company Gridserve to open up competition on motorways between electric vehicle (EV) charging companies. As part of the legally-binding commitments, Gridserve has agreed not to enforce exclusive rights in contracts with operators Extra, MOTO or Roadchef after November 2026, therefore reducing its contracts by [...]
EV interest declines following sky high prices March 7, 2022 Potential buyers’ interest in buying an electric vehicle (EV) is declining as a result of sky high prices, Auto Trader has warned. In a report published today, the sale platform said the proportion of electric cars browsed on its marketplace had dropped from 26 per cent in late September to 16 per cent last month. [...]
Used car prices continue to grow but record trend expected to stabilise March 3, 2022 The average price of a second hand car in the UK has continued to grow, reaching in February a record 31.9 per cent year-on-year and like-for-like increase. Even though it marks the 23rd consecutive record month of growth, the 0.6 per cent raise is the lowest increase registered since April 2021. According to Auto Trader’s [...]
Commodities boom drives up the price of EV batteries March 3, 2022 Total battery costs for electric vehicles have more than doubled since the start of the year, according to Rystad Energy.
Exclusive: Electric vehicle fundraiser looks to put some spark into raise efforts February 28, 2022 Electric vehicle (EV) finance business WeFlex has brought in EY to drive its £60m funding effort. A mixture of debt and equity, the funding will be used to help hailing driving companies such as Uber to switch to EV, providing insurance, vehicle servicing and PCO licensing. WeFlex has already raised £2m in equity from investors [...]
EV charging provider EO extends deadline for US SPAC merger February 25, 2022 Electric vehicle (EV) charging provider EO Charging has extended the deadline to complete a $675m merger with US special purpose acquisition company (SPAC) First Reserve Sustainable Growth. Sources said that, while the agreement is required to be finalised by 11 March, doubts on whether the company will meet the deadline have emerged, Sky News has [...]
EV high power chargers will reach 100,000 in Europe by 2030 February 24, 2022 Over 100,000 electric vehicle (EV) high power chargers will be installed across Europe by 2030, leading to a 24 fold increase on the current roll out. According to new energy research and consulting company Delta-EE, the UK will become Europe’s second-largest high power charging market, with 28,000 charging points installed by 2030. High power chargers [...]
Why 2021 was such a favourable year for electric cars February 19, 2022 In the words of Erik Fairbairn, chief executive of LSE listed electric vehicle (EV) Pod Point, 2021 was the year electric cars became a mass market. Not only did his company post record profits in the first results since its IPO but, overall, the industry has boomed in the last 12 months. EV output emerged [...]