How is Instavolt only charging 5% VAT?
The latest news from the world of EV
Good morning and welcome back to The Fast Charge, the electric motoring newsletter. My name is Tom Riley.
Apologies this edition is very late. As I mentioned last week, I’ve been out of action but I was released by the nurse last night.
Lots of news today. From Tesla’s recent results to the new very attractive Ioniq 5. I also have a long-read looking at charging operators and VAT rates 😍
As ever, do drop me an email at tomrileylondon@gmail.com if you have any feedback, questions or comments.
In the news…
LOOKING UP: Tesla reported on its first-quarter results yesterday and things are looking good for the carmaker. Elon Musk was able to show that revenue had risen by 74% to $10.39 billion - beating expectations. It’s been able to make so many gains in the last year by the rising demand for electric cars and because the company pivoted quickly to alternative components (namely new microcontrollers) as the semiconductor shortage hit. Tesla is now the world’s most valuable car manufacturer ba…