Pod Point reports weak demand for new cars as government says no firms will pay fines over ZEV mandate

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A charging company has said proposed UK changes to electric car sales rules could increase uncertainty over demand, as it said that it had been caught out by lower numbers of purchases by British drivers.

Pod Point, which is majority-owned by EDF Energy, said weak demand for new cars meant it made revenues of £53m in 2024 from its sales of chargers and services, compared with a £60m target. The London-listed company’s share price slumped by more than a third on Monday morning.