Home » Market News » DirectorsTalk Highlights » Funding Awarded For Wireless Charge Points
Vertu Motors Plc

Funding Awarded For Wireless Charge Points

The UK is working towards a cable free future for electric vehicles by working on wireless charging points.

There is already £40 million being pumped into electric vehicle projects to help fund infrastructure development, and the Department of Transport have now awarded Char.gy £2.3 million to begin a project on building wireless charge points.

According to Char.gy, it won’t be long until the UK streets have there first wireless charging points installed, as the wireless charging project is set to begin in 2020.

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships including Farnell.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.