(Source: EDF Energy)

"EDF has acquired Pod Point, one of the largest electric vehicle charging station companies in Europe with 62,000 charging points in the UK, and 6,600 in Norway. The UK government is going to ban conventional vehicle sales from 2035, advancing 5 years from the previous target. With this acquisition, EDF can capture a majority of the charging station market in the UK." - Soumen Mandal

Key Takeaways:

EDF had previously acquired Powerflex Systems and Pivot Power, and made a partnership with Nuvve Corporation for developing charging infrastructure.
The current acquisition will also increase competition among other players like Enel, Innogy, E.ON, Eneco, Engie, American Electric Power, Shell, BP and Total.

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