MFG to invest £50m in EV charging hubs in 2023
Motor Fuel Group (MFG), the market leading independent forecourt operator with over 900 sites across Great Britain, is set to invest £50 million in electric vehicle (EV) charging hubs in 2023.
This forms part of the firm’s commitment to invest £400 million in EV infrastructure by 2030.
Last year the company installed 271 ultra-rapid chargers across its network, with an additional 31 hubs, plus a further 175 chargers in construction.
The 2023 investment plan will see MFG install over 360, Ultra-Rapid 150kW EV Chargers at hubs throughout the UK.
MFG hubs will consist of between four and eight Ultra-Rapid 150kW EV Chargers per site. 150kW chargers can add 100 miles range in approximately 10 minutes, subject to the charging capability of individual car batteries. These will be augmented with 300kW+ chargers as vehicle battery technology improves to maintain the fastest charging times across the MFG network.
Alongside its investment in EV, MFG made a £50 million investment to improve its retail, food to go, and valeting offer to the consumer.
Over the coming decades, MFG will operate a dual fuel strategy, meaning it will continue to provide existing fossil fuel infrastructure whilst placing equal importance on rolling out ultra-rapid EV charging hubs. On route charging will be a particularly important infrastructure for those drivers who do not have access to ‘at home’ charging. In England, over 60% of dwellings in cities and urban areas do not have garages or other off-road parking provisions, and so must rely on electricity from publicly accessible networks.
William Bannister, CEO, MFG, said: “We were proud to continue our significant investment into the UK’s EV infrastructure throughout 2022, opening a record number of EV hubs across our network. Our ambition was to invest ahead of the curve, and give drivers who were contemplating purchasing an electric vehicle the confidence that they could travel as easily as with a petrol or hybrid vehicle. Although we have a way to go to achieve this, our investment in 2022 has set us on a positive trajectory. We have set ourselves another ambitious target for openings in 2023, with the plan to energise 360 chargers whilst delivering the best experience possible for our customers.”
Image courtesy of MFG.