BT, Royal Mail and other FTSE giants call on more government support for electric vehicle switchover

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BT Group PLC (LSE:BT.A), BP PLC (LSE:BP.) and Royal Mail PLC (LSE:RMG) are among a group of major UK companies have banded together to call on Downing Street to support a switchover to more electric vehicles in corporate fleets.


Also including Direct Line Group PLC, Severn Trent (LSE:SVT) PLC, Tesco PLC (LSE:TSCO) and ScottishPower, the group says more supportive measures from the government could lead to 70,000 British-made electric vans being bought by 2030.


This one of the conclusions from a report commissioned by the group, which calls itself the Electric Vehicle Fleet Accelerator (EVFA), saying that its recommendations “could unlock private sector investment of GBP50bn in infrastructure and fleets over next five years”.


The group has called for action government actions including price controls and funding measures for the electricity network infrastructure, fast-tracking EV charging infrastructure in the planning system, increasing capital support for grid reinforcement costs, introducing minimum standards for reliability, safety and interoperability, and expanding the supply of UK-made vehicles.

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