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"The future of driving is very much electric"

A British wealth management firm is seeing opportunity in data suggesting electric vehicle charging stations now outnumber conventional fuel stations in the UK. “We are witnessing the phasing out of automotive internal combustion engines,” says the investment manager at AIM-listed Kingswood Holdings (AIM: KWG), which has about £2 billion under management.
"The future of driving is very much electric" "The future of driving is very much electric" "The future of driving is very much electric" "The future of driving is very much electric" "The future of driving is very much electric"

Staff reporter

Pitching for the millennial investment dollar (or pound), Harry Merrison said while the UK data showed an ongoing shift in automobiles from traditional fuel to electric less than 1% of vehicles around the globe were fully electric, "which represents a significant growth opportunity given the inevitability of the technology's future monopoly".

"The charging infrastructure behind this, which is still relatively new, is showing clear signs that it is preparing for a significant shift.

"The result of the world moving towards a future of cleaner energy is that demand for more ethical investment products has swollen. ESG funds, for example, hold younger companies - a structural nuance as new companies tend to be more ethically focussed from the get-go and unencumbered with legacy issues.

"We firmly believe ESG integration and engagement, effectively implemented, can lead to better investment decisions, and ultimately enhanced returns."