|Bid||15.20 x 0|
|Ask||15.51 x 0|
|Day's range||15.50 - 15.50|
|52-week range||15.01 - 22.10|
|Beta (3Y monthly)||0.65|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
It is hoped that a new network of free charging points will help drive demand for electric cars. Volkswagen (Xetra: 766400 - news) (VW) and Tesco (Frankfurt: 852647 - news) have announced a joint venture to create, what they say, will be the country's largest network of free charging points at the retailer's biggest stores. The carmaker, which embarked on a £5bn electric vehicle investment programme in the wake of the so-called dieselgate scandal of 2015, said almost 2,500 charging bays would be installed at up to 600 stores over the next three years.
A ban on sales of new petrol and diesel cars and vans should be brought forward by eight years to 2032 to encourage the take-up of electric vehicles , MPs (BSE: MPSLTD.BO - news) have said. Under current plans, the government's goal is for all new cars and vans to be "effectively zero-emission" by 2040. The 2040 target puts the UK behind a range of countries including Norway, which is aiming for an end to combustion engine cars in 2025, and India, China, the Netherlands and Ireland (Other OTC: IRLD - news) with a 2030 goal and Scotland with a target of 2032.
Motoring groups have expressed their concern over the government cutting grants for new electric and hybrid cars, calling it a "step backwards". The RAC and AA (Frankfurt: A116XA - news) criticised the move which will see fewer models eligible for the scheme and the money available to drivers reduced from 12 November. The government's changes mean the maximum grant for category one vehicles will be cut by £1,000 to £3,500, with grants for the remaining two categories scrapped completely.