A PYMNTS Company

UK Watchdog Wants To Build Consumer Trust In Electric Car

By  |  December 2, 2020

The UK’s competition regulator is investigating electric vehicle charging to work out how to tackle “range anxiety,” one of the key factors holding back the move away from fossil fuel cars by 2030.

The Competition and Markets Authority (CMA) stated it wanted to build consumer trust in the availability of electric car charging, as well as address any competition issues.

Building an extensive network of public charging infrastructure across the UK is seen as one of the main factors preventing quicker uptake of electric cars to meet the government’s goal of banning the sale of internal combustion engine cars by 2030 and hybrids by 2035.

The CMA stated on Wednesday, December 2, that it would work on how to develop a competitive sector while encouraging private investment. It also stated it would work out how to increase consumer confidence in chargers, comparing it with the ease of use of petrol stations. It hopes to carry out its study rapidly and expects responses from the market by January 5.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.