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Vertu Motors Plc

There Is An Additional £2.5m To Be Pumped Into Electric Vehicle Chargepoints

It has been announced that the government will be giving an additional £2.5 million to support the on-street residential chargepoint scheme.

The scheme, which was launched in 2017, is designed to increased chargepoint infrastructure across the UK to make it more accessible, for those who don’t have access to off-street parking, to charge their Electric Vehicles, making it easier for you to charge your Jaguar I-PACE.

However, the Transport Secretary is keen to step it up a gear and pump more funding into the scheme to meet demand and meet the net zero emissions target by 2050 in the UK.

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.

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