FirstFT: North-South Division Looms as UK Electric Vehicle Sales Hit Record



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Record acceleration in UK electric car sales is likely to be confined to London and south-east England without a significant increase in street charging across the country, the industry trade group has warned. automobile.

According to the Society of Motor Manufacturers and Traders, more electric cars were registered in 2021 than in the previous five years, while one in four new cars sold in the UK in December was battery-powered.

But while 20 percent of electric car sales were in London and the south-east, Wales and the north of England accounted for less than 10 percent.

Mike Hawes, managing director of SMMT, said the supply of on-street charging was “much slower” than the growth in electric car sales, which nearly doubled from 108,000 in 2020 to 191,000 in a year. last, accounting for 11.6% of all sales during the year.

While the “early adopters” in the South East were generally wealthier with driveways, many people need to charge their cars on the street. “There is concern that infrastructure is one of the biggest barriers for people considering this type of purchase,” Hawes said. “We need the entire UK car population to make this change. We don’t want this to become a north-south problem.

Have you or are you planning to go electric? What policies or initiatives would help you take the leap? Tell us at [email protected]. Thanks for reading FirstFT Europe / Africa – Gary

1. Johnson urged to cut £ 12bn tax hike Boris Johnson was challenged by Jacob Rees-Mogg to drop a planned £ 12bn tax hike in April as the House of Commons leader led a revolt rising cost of living for conservatives amid rising inflation and rising energy bills.

2. EU warns US and Russia against new “Yalta” in Europe Josep Borrell, the EU’s top diplomat, warned Russia and the US against creating “spheres of influence” that would divide Europe ahead of next week’s talks between the two countries and NATO on Moscow’s proposals that would reshape the continent’s defense and security architecture.

Josep Borrell, head of the EU’s foreign and security branch, visits the Luhansk region in eastern Ukraine © Maksim Levin / Reuters

3. US start-ups raise $ 330 billion in 2021 as venture capitalists compete Investors invested a record $ 330 billion in private startups in the United States last year, nearly double the 2020 total, in a wave of negotiations that quickly inflated company valuations and Gave the founders leverage as venture capitalists competed against other deep-pocketed investors for deals.

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5. Investors invest record amounts in UK construction rental properties Last year, banks, real estate funds and other institutional investors injected a record amount of liquidity into the UK rental property market, fueling a boom that is expected to continue until 2022.

Coronavirus digest

  • A staff crisis at NHS plans to reduce waiting lists will hit, MPs said.

  • tennis champion Novak Djokovic must be deported from Australia after failing to provide evidence to justify a Covid vaccine exemption.

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  • Isolated Hong Kong faces higher food prices as pandemic restrictions bite.

  • Boris Johnson announced a reshuffle of the Covid testing regime: People traveling to England will no longer need pre-departure testing from Friday.

The day to come

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Anniversary of the United States Capitol Riots Joe Biden is expected to speak at the United States Capitol to mark a year since the deadly assault by a mob supporting then-President Donald Trump. Democratic lawmakers have since failed to unite the American public in condemning the siege.

PMI figures The IHS Markit Service Sector Purchasing Managers Index for Japan, Australia and China is expected to be released, as are construction figures for the eurozone, Germany and France.

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Why modern managers are reviving old-school personnel manuals In a white-collar world that is increasingly likely to include a work-from-home component – or may be remote altogether – employers are creating virtual company manuals, rewriting workplace rules to meet the needs of the workplace. changing styles and cultures of work.

The “gold rush” in metaverse material Metaverse – a catch-all term suggesting that people will spend an ever-increasing proportion of their lives in increasingly immersive virtual worlds – may lack an exact definition. But the potential is clear enough to predict the types of businesses that could benefit from it.

VR headsets used on the Steam gaming platform in 2021

Chinese economy: the fallout from the Evergrande crisis President Xi Jinping’s real estate crackdown is putting pressure on local governments and businesses, with China’s second-largest developer now set to become the country’s biggest bankruptcy case.

What Dog Delivery Denver Tells Us About Work Digitization and the pandemic have turned many of us into the cyber equivalent of hunter-gatherers, seeking income and services in new ways, writes Gillian Tett.

How to resist your inbox bullying Are endless emails holding you as a ransom? It’s time to “step forward and fight back,” writes Tim Harford. But how?

To travel

From the grand old War Office building in Whitehall to a Rwandan island retreat, here are the biggest hotel openings of 2022.

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