UK Commits $84 Million To Charging Infrastructure, Plans $944 Million Subsidy Package—Tesla May Be Left Out

Benzinga
2025.07.14 10:58
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The UK government is investing over £63M ($84M) to enhance EV charging infrastructure, aiming to promote electric vehicle adoption. Additionally, a £700M ($944M) subsidy package is in the works to make EVs more affordable, though it may exclude premium brands like Tesla. This announcement comes as Tesla sees a 12% YoY sales increase in the UK, despite facing challenges in other markets due to political tensions affecting EV credits. Tesla's CEO, Elon Musk, has teased an upcoming demo, sparking speculation about new products.