The billionaire brothers who own Asda have signed a multimillion pound deal with Tesla to launch electric vehicle (EV) charging points across their sites.
Mohsin and Zuber Issa agreed the deal to roll out the 'Evpoint' chargers, which can reportedly charge 80% of a car's battery within 20 minutes.
It's hoped that the new deal will help EG Group reach net zero goals by 2050.
Uptake of EVs has slowed in recent months as Rishi Sunak rolls back on some net zero commitments, although battery electric vehicles represented 15.6% of new car sales in October, up from 14.8% during the same period last year.
Imraan Patel, Chief Strategy & Business Officer at EG Group said the deal will "certainly contribute to an improvement in the infrastructure in this space".
He added that the biggest challenge would be securing the energy due to a “lack of resources” at energy network operators caused by “sheer demand”.
FTSE 100
The UK's flagship share index, the FTSE100, was up 26-points at 7,386 shortly after opening this morning.
Meanwhile, Brent crude futures were down 0.66% at $80.89 a barrel this morning.
Companies reporting today
- BAE Systems - Trading statement
- British Land Company - Half year results
- Kainos Group - Half year results