Craig Bonthron, manager of the Kames Global Sustainable Equity fund, said:
“This is one of the most encouraging and progressive government policy announcements around tackling climate change that I have seen in recent years. Electric vehicle adoption could be meaningfully catalysed by these ideas and policies. It makes total economic and environmental sense to ensure that all new buildings and renovated properties – including residential, office, hotel, industrial and retail – have electric charging points designed within them. It is also much cheaper and efficient to do it this way than to retro-fit subsequently.
“We also need to take advantage of new technologies and roll out solutions like lamp post charging to help those who don’t have off-street parking, in order to allow UK consumers to adopt electric vehicles with confidence. Given the falling prices of electric vehicles and the broad range of new options due to be launched over the next three years, it is vital that people have access to charging at home, at work and when travelling longer distances. Needless to say, it is also a matter of urgency for the environment too.”
“We have four investments in the Kames Global Sustainable Equity fund that will benefit from accelerated adoption of Electric Vehicles globally, which are Aumann Littelfuse, Albemarle, and Chroma ATE.”