Collusion among British EV charging operators reduces competition in the EV charging market: CMA

On Friday, Britain’s competition regulator said, it has begun an investigation into some electric vehicle chargepoint operators on motorways and highways; the development comes at a time when it is laying out guidelines to ensure the rollout of a robust charging network to help Britain meet its carbon neutral plans.

“While some parts of this new sector are developing relatively well… the CMA has found that other parts are facing problems which will hinder roll-out. This could impact the government’s … wider commitment to make the UK net zero by 2050,” said the UK’s Competition and Markets Authority (CMA) in a statement.

The CMA is looking into the long-term aspects of Electric Highway, MOTO, Roadchef and Extra, since their partnership is a matter of concern as it reduces competition in the EV charging market.

The CMA also said, the postcode lottery system of developing electric vehicle charging requires tweaking and that the British government must attach conditions to its Rapid Charging Fund worth $1.31 billion (950 million pounds) meant for upgrading the network.

CMA’s move comes ahead of a ban of the sales of new petrol and diesel cars in the UK in 2030.

The number of charging stations will have to go up by more than ten times currently installed by 2030, said the CMA.

Currently, the UK has around 25,000 chargepoints.

($1 = 0.7270 pounds)

Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy, Sustainability

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