The UK government has missed targets set for providing electric car chargers near motorways, latest analysis shows.
A plan outlined by the Department for Transport (DfT) set a goal of at least six rapid or ultra-rapid chargers for every motorway service area in England by the end of 2023.
According to RAC analysis of data from charger locator service Zapmap, only 46 of 119 sites (39 per cent) met the target.
The figure was 23 per cent at the end of April last year.
Four locations – Leicester Forest on either side of the M1, Tebay South on the M6 and Barton Park on the A1(M) – have no charging points.
Rapid charge points can add 160km of travel range to an electric vehicle (EV) in about 35 minutes.
They are seen as crucial to encouraging more motorists who make long journeys to switch from petrol or diesel to electric.
A DfT document from March 2022 stated “many operators” of motorway services had “embraced the ambition” to install six high-powered chargers by the end of 2023, with “over 70 per cent” of locations having a plan to deliver this.
“We will continue to work with site operators to ensure that every site is reached," it added.
Best selling electric cars in the UK in 2022 - in pictures
The document said a £950 million ($1.2 billion) rapid charging fund would support the installation of charge points across England’s motorways and major A roads.
The fund was set to be available for applications from spring 2023 but has yet to open.
A £70 million pilot scheme for up to 10 motorway service areas and a consultation on the wider fund were established in November.
“It’s clear from our research that the government has fallen well short of its target of having six high-powered chargers at every motorway service area in England," RAC spokesman Simon Williams said.
“There is undoubtedly an eagerness among charge point companies and motorway service operators to install these types of units but unfortunately it’s often the high-power cabling to the grid that’s the major barrier, which is out of their hands.
“More clearly needs to be done to make this process simpler than it is currently.
“Hopefully, once the government’s rapid charging fund kicks fully into action some of these hurdles will be overcome.
“We continue to believe that the wide availability of ultra-rapid charging is crucial in giving both current and future EV drivers confidence to know they can easily make journeys beyond the range of their vehicles in a time-efficient way.”
A DfT spokeswoman said: “The number of public charge points is surging across the country and around 96 per cent of motorway services now offer charging facilities for drivers.
“As well as our £70 million pilot to help roll out ultra-rapid charge points on motorways, we are driving forward the biggest reforms to our electricity grid since the 1950s – halving the time it takes to build networks and speeding up connections.”
The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Women’s World T20, Asia Qualifier
UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs
Standings (P, W, l, NR, points)
1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0
Final
Thailand v UAE, Monday, 7am
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Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
JUDAS AND THE BLACK MESSIAH
Directed by: Shaka King
Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons
Four stars
Remaining Fixtures
Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
