Pod Point reports weak demand for new cars as it is confirmed no firms will pay fines over ZEV mandate

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A British charging company has said proposed UK changes to electric car sales could increase uncertainty over demand, as the government confirmed that the industry had achieved its sales targets for last year.

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 a third on Monday morning.