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EV car subscription service Onto raises £49m to fund expansion in Europe

Electric car subscription service Onto has raised $60M (£49.9m) to fund European expansion The round will enable the group to consolidate in the UK expand into Europe, starting with Germany. Onto helps people to subscribe to an electric car on a monthly contract. The subscriptions are inclusive of public charging, insurance and breakdown cover, without any upfront deposit or long-term ...

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Ford accelerates roll-out of EV sales

Ford is to scale up production of electric vehicles to 600,000 a year by late 2023. Ford said a multichannel approach with a strong dealer presence gave provided the best experience for EV owners of the future. “This is our opportunity to win a whole new group of customers, building their loyalty and advocacy as we grow our market share,” ...

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…Surge in fuel prices triggers ‘huge spike’ in demand for EVs

The surge in fuel prices and the dawn of the £100 tank has triggered a ‘huge spike’ in demand for electric vehicles (EV) on the Auto Trader marketplace. Auto Trader’s findings come as official figures show inflation in May rising to 9.1%, the highest for four decades, with the potential savings only set to increase as fuel prices continue to ...

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BLOG EV sales promising but still tiny: government strategy at odds with its own targets

The used car market saw a huge increase in consumer demand last year, fuelled in part by the growing number of people who believe owning a car is more important than it was pre-COVID, and the one in ten planning on buying a new car to avoid public transport. On our marketplace, traffic was up nearly 30% on 2019, with ...

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IMI forecasts 38k shortfall of technicians by 2030 as EV rollout accelerates

The Institute of the Motor Industry (IMI) is forecasting there will be a shortage of 37,500 technicians by 2030, the government’s Road to Zero deadline. It said 90,000 automotive technicians will be required to provide sufficient workforce to service the volume of zero emissions vehicles predicted to be on UK roads by that date. Steve Nash, CEO of the Institute ...

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