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Evening Standard
Evening Standard
National
Anna Wise

EDF to buy Pod Point for £10.6m amid ‘slow’ electric car adoption

EDF Pod Point
EDF has struck a deal to buy electric vehicle charging firm Pod Point for £10.6 million (Yui Mok/PA) - (PA Archive)

EDF has struck a deal to buy Pod Point for £10.6 million after the electric vehicle-charging firm grappled with weaker EV sales and a plunging share price.

The energy giant said a takeover was the “only realistic prospect” of allowing Pod Point to keep operating as a business for the future.

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