Hyundai PR tomfoolery, EV shares and the NAO

The latest news from the world of electric motoring.

Good morning and welcome back to The Fast Charge, the electric motoring newsletter. My name is Tom Riley.

I’m afraid I’ve not written a big read today but a fair amount of interesting news instead. From EV shares dropping everywhere, a chip shortage, some funky PR timings from Hyundai and the revelation that the UK government only funded 700 public chargers in the last decade.

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In the news…

GOING SOUTH: About a month ago, the Financial Times started an enormous spreadsheet highlighting EV related shares. They suggested it was a bubble likely to pop, as other than high government investment around the world and some strong sales, they couldn’t really work out why companies were doubling in value every time you hit refresh. However, over the course of this week many EV stocks have gone down - some by…