Skip to main content

UK electric vehicle charging firms ‘seeking buyers amid rising costs and tough competition’

Mergers and acquisitions will shrink number of operators from more than 100 to five or six, says Be.EV co-founder

British electric charger companies are asking rivals to buy them as they run out of cash amid rising costs and intense competition, according to industry bosses.

A wave of mergers and acquisitions is likely to shrink the number of charge point operators from as many as 150 to a market dominated by five or six players, said Asif Ghafoor, a co-founder of Be.EV, a charging company backed by Octopus Energy.

Continue reading...

Comments

Post a Comment

Popular posts from this blog

German police crack down on illegal street car tuning as season begins

Enthusiasts gathering on Good Friday – renamed Carfreitag – face curbs on unauthorised tuning, illegal races and pollution Police in Germany have announced a crackdown on illegal racing and the unauthorised modification of cars as members of the so-called tuning scene meet across the country for the start of their annual season. The Good Friday holiday marking Christ’s death on the cross, called Karfreitag in German – from the Old High German word kara , meaning sorrow – is otherwise known by the extreme car enthusiasts as Carfreitag (car Friday) for its unofficial gathering of the “tuners” and “car posers”. Continue reading...
Post a Comment
Read more

Tesla stock marks lowest close in years as investors worry about Musk’s focus

Experts blame Elon Musk’s management style at Twitter for the electric carmaker’s financial problems Tesla shares fell on Tuesday to their lowest in more than two years, marking the company’s worst day in eight months, as Elon Musk’s electric carmaker confronts a rocky financial period. The company’s stock has lost more than half its value since the start of October. Investors worry that Twitter is taking much Musk’s time, now that he is the social network’s owner and CEO. Continue reading...
Post a Comment
Read more

One in four cars sold in May in Australia was an EV or hybrid vehicle, data shows

Automative industry findings show Australians have purchased double the number of hybrid vehicles this year compared to the same period last year Follow our Australia news live blog for latest updates Get our morning and afternoon news emails , free app or daily news podcast Australian drivers bought a record number of new vehicles in May, with many choosing to reduce their fuel costs by choosing hybrid and electric models. Almost one in four new cars bought in Australia is a low-emission vehicle, as hybrid and electric models claim a bigger share of the market. But Australia’s love for large vehicles is still on the rise, with SUVs dominating and ute sales continuing to grow. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
Post a Comment
Read more