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Fleet EV charging platform, Presto, raises $15m in funding
U.S. based fleet charging app and platform, Presto, has raised $15 million in seed funding as it looks to expand its program offering beyond its current CPO partnerships.The Presto platform has already proven its performance with its partnership with electric fleets such as Uber, Avis, Hertz, and Zipcar, with this new funding going towards...
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EV market growth in the UK: Rising sales and interest, but tax changes threaten future
EV market surges in the UK, with BEV registrations up 41.6%, but still below government targets for 2025.Affordability and new taxes are key barriers, with a £3,110 tax applied to EVs over £40,000 in April.Industry leaders urge tax adjustments, calling for a raised or removed £40,000 threshold to encourage EV adoption.UK EV market expands, but affordability and tax hikes pose challengesAccording to the SMMT, EV sales in the UK are rising, but not fast enough. In January 2025, battery electric vehicle (BEV) registrations surged by 41.6%, reaching a 21.3% market share. Despite this growth, EV adoption still lags behind...
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