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May 12.2025
2 Minutes Read

£20 Million Investment: Be.EV and Schroders Capital Boost UK EV Charging Infrastructure

Automotive World logo in bold black text

Revolutionizing Retail: The Future of EV Charging

In a major leap towards sustainability, Be.EV has initiated a significant partnership with Schroders Capital to install over 200 ultra-rapid EV charging bays across 22 retail and leisure properties in the UK. With a projected investment of £20 million, this collaboration aims to enhance the UK’s electric vehicle infrastructure, positioning both companies at the forefront of the energy transition.

The charging stations will feature state-of-the-art Kempower chargers capable of providing up to 325 miles of range in just 20 minutes, catering to some of the most frequented retail locations housing brands like Sainsbury's, Aldi, and Marks & Spencer. This rollout not only supports EV drivers but also aims to incentivize retailers by boosting shopper footfall.

Why This Investment Matters Now

The UK is experiencing a surging interest in electric vehicles, with registrations of new EVs expected to grow by 31% by 2025. According to a recent survey, 57% of drivers utilizing public charging stations visit shops or cafés during charging. This trend signifies not just a win for EV users but a financial boon for retailers within the charging bay proximity.

Asif Ghafoor Speaks on the Partnership

Asif Ghafoor, CEO of Be.EV, expressed excitement over the partnership, stating, “This is a landmark deal for Be.EV, helping big brands benefit from the increased footfall boosts brought on by charging.” The strategic decision to partner with Schroders Capital represents a forward-thinking approach in business, where companies adapt to changing consumer needs and sustainability goals.

Commitment to Sustainability

This initiative aligns with Schroders Capital's own commitment to net-zero targets and is designed to future-proof retail properties by integrating essential infrastructure for the growing EV market. In doing so, both companies demonstrate a strong belief in the pivot towards greener solutions in real estate and retail.

Potential Financial Benefits for Retailers

The introduction of ultra-rapid chargers is set to create a lucrative opportunity for retail outlets housed at these properties. As more drivers convert to electric vehicles, providing accessible charging solutions directly correlates with increased customer visits, thereby enhancing revenue streams for retailers.

Looking Ahead: Impact on the EV Market

The ambitious plans announced by Be.EV reflect broader trends toward expanding the electric vehicle market in the UK. With further legal agreements already in the pipelines for additional locations, the implications for both consumer convenience and retailer profitability appear bright.

This innovative partnership serves as a timely reminder that as we push towards a more sustainable future, the business landscape must evolve. By prioritizing electric vehicle infrastructure, Schroders Capital and Be.EV are not only contributing to environmental preservation but are also setting a precedent for other companies to follow suit.

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07.16.2025

How the One Big Beautiful Bill Impacts Auto Dealers: 3 Key Changes

Update Understanding the One Big Beautiful Bill's Impact on the Auto Industry On July 4, 2025, the One Big Beautiful Bill was signed into law, bringing with it significant changes that auto dealership owners and managers need to understand. This legislation aims to reshape the automotive landscape, influencing aspects from financing to repair costs. In this article, we will explore three crucial ways the bill affects the auto sector and what dealership owners can do to adapt. 1. Changes in Auto Financing Structures One of the first impacts of the new legislation is the change in auto financing structures. The bill introduces incentives for lower-interest loans for used cars, making them more accessible for buyers. This means an increase in the percentage of consumers looking to finance used cars, which is a boon for dealerships that specialize in quality second-hand vehicles. Owners should explore opportunities to enhance their financing strategies by developing strong partnerships with financial institutions to capitalize on these changes. 2. Boost to Automotive Body Repair Shops The legislation also highlights a significant investment in automotive body repair infrastructures. Local car body shops stand to benefit from increased funding aimed at improving facilities and technological integration, which can lead to better-quality repairs at competitive prices. Car dealerships should consider collaborating with reputable local auto body shops to provide clients with exceptional service, including paint repair for cars and auto dent repair. This collaboration not only fosters community relationships but also elevates the service offerings of dealerships. 3. Potential Impact on Vehicle Safety Regulations Moreover, the bill lays the groundwork for enhanced vehicle safety regulations related to repairs and resale practices. As standards evolve, dealerships will need to stay compliant with new regulations surrounding how vehicles are repaired and sold. This could involve regular audits and certifications for auto body repairs. Understanding these regulations will be critical for dealership owners to avoid potential legal issues and ensure the safety of their customers. Embracing the Changes Ahead The One Big Beautiful Bill represents a pivotal moment for the automotive industry, particularly for car dealership owners. By recognizing these changes and adapting their business strategies accordingly, dealers can position themselves for success in an evolving market. From revamping financing options to enhancing repair partnerships, the future holds many opportunities for those willing to pivot. In light of these adjustments, it’s imperative for dealership owners to stay informed about updates related to financing, repair standards, and regulations. Engaging in community discussions, attending industry seminars, and leveraging technology can be effective ways to navigate this new terrain. Take action now to ensure your dealership thrives in the wake of these changes. Upgrade your service offerings, improve financing options, and connect with local service businesses to build a stronger foundation for future growth.

07.16.2025

Join Franz Reiner for Insights on Auto Finance at 2025 Summit

Update Franz Reiner to Illuminate Auto Finance Challenges at 2025 SummitThe Auto Finance Summit 2025 is set to become a key event for industry stakeholders as Franz Reiner, chairman of the management board of Mercedes-Benz Mobility AG, gears up to participate in a pivotal fireside chat. Scheduled for October 15-17 at the luxurious Bellagio Las Vegas, this summit promises insights into crucial market dynamics and strategies that can empower car dealership owners and automotive managers alike in these challenging economic times.Who's Franz Reiner?Franz Reiner is no stranger to the automotive finance sector. Since joining Mercedes-Benz in 1992, he has climbed the corporate ladder through various leadership roles, including CEO roles at both Mercedes-Benz Financial Services USA and Daimler Financial Services AG. Under his leadership, Mercedes-Benz’s captive financial arm has become a powerhouse, ranked as the 16th-largest auto lender in the U.S. by outstanding portfolio value at the end of 2024, boasting a hefty $29 billion in assets.What to Expect at the SummitThe discussions at the summit will be centered on market expectations for 2026, innovative ideas for growth, and the overall health of the economy. With Mercedes-Benz Mobility's total contract volume reaching €133.7 billion ($155.9 billion) in early 2025—marking a modest but notable increase—Reiner's insights could be invaluable for car sales and financing strategies among local dealerships.Why This Matters to Dealership OwnersFor car dealership owners, the Auto Finance Summit offers unmatched networking opportunities and a deep dive into macroeconomic trends that could directly influence sales and financial strategies in their businesses. Expect to learn more about emerging digital opportunities, strategic underwriting advancements, and how to navigate subprime financing—essential knowledge in a competitive environment.Join the ConversationThe Auto Finance Summit isn’t just an industry event; it’s a platform where professionals can discuss pressing concerns and explore the future of automotive financing. Whether it's strategies for dealing with the increasing interest rates on used car loans or understanding typical loan terms, insights shared here can shape how business leaders approach sales and customer service in a rapidly changing market.Mark Your CalendarCar dealership owners should mark their calendars for this exceptional event. Engaging with industry leaders like Reiner will not only enhance your understanding of market trends but also empower you to make informed decisions that can propel your business forward. Don't miss this opportunity to prepare for the challenges and opportunities that lie ahead in the automotive finance landscape.

07.16.2025

Volvo's $1.2 Billion Charge Over Tariffs: Implications for Dealerships

Update The $1.2 Billion Hit: What it Means for Volvo and the Automotive Industry Volvo's recent announcement of a hefty $1.2 billion charge signals significant challenges ahead for the automotive giant. The primary drivers are increased tariffs and delays in electric vehicle (EV) models—trends that are impacting many players in the automotive sector. Understanding the Impact of Tariffs The imposition of tariffs on imported auto parts is now taking a toll on companies globally. For Volvo, this means heightened production costs that could either shift to consumers or cut into profits. As tariffs increase, automotive body repair costs also rise, compelling dealerships to adjust pricing structures for services like car body repair and paint repair for cars. The EV Challenge: Delays and Consumer Demand Simultaneously, Volvo is experiencing setbacks in launching its latest EV models—a crucial pivot point in today’s environmentally conscious market. With consumer demand for EVs soaring, delays in bringing advanced models to market can jeopardize Volvo's competitive edge. This situation affects used car sales, especially as consumers may hesitate to purchase traditional vehicles over potential future EVs. What Does This Mean for Car Dealerships? Car dealerships are on the front lines of these shifts, and understanding the nuances can be crucial for business survival. As production costs rise, dealerships need to be ready to manage consumer prices and expectations. This environment offers an opportunity to leverage tools like auto body repair estimates and car body repair quotes online to foster transparency and maintain customer trust. Future Predictions: Navigating a Changing Landscape With these developments, it's worthwhile for dealerships to consider strategies to adapt. They might look to diversify service offerings, emphasizing auto dent repair and ensuring that repair tools are up-to-date. They could also explore financing options, positioning themselves to assist customers during these economic challenges—a time when financing terms could become critical for sales. Conclusion: The Road Ahead for Automotive Dealerships The news of Volvo's significant charge underlines the interconnected nature of global trade and automotive innovation. Dealerships should stay informed about these changes, as they directly impact dealership operations, repair costs, and customer relationships. Understanding how to navigate these challenges may open new avenues for growth and client engagement. Prepare for evolving consumer needs and strengthen your operational strategies to remain competitive.

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