Pod Point cuts 2024 revenue forecast to £53M due to low UK EV sales and fewer home charger setups.

Electric vehicle charging firm Pod Point has reduced its 2024 revenue forecast to £53 million from £60 million due to weak UK EV sales and fewer home charging installations. The company's cash reserves are lower than expected, with net cash at £5.3 million, and it anticipates 2025 results will also fall short of expectations. Pod Point, majority-owned by EDF, faces a challenging market backdrop.