Sunday, December 10, 2023

The UK car industry must meet mandatory electric vehicle (EV) sales targets from January, despite the government’s decision to postpone the ban on petrol cars

The electric vehicle sales model, inspired by China’s quota system, requires automakers to sell an increasing proportion of zero-emission cars each year or face fines. While some adjustments are being made to the system, the original targets remain: 22% of each car manufacturer’s sales in 2024 must be zero-emission, with a target of 80% in 2030. Intermediate targets, such as more than half of new car sales Electric vehicles in 2028 may change slightly.

But industry experts fear the delayed ban on gasoline cars will deter consumers from buying electric vehicles and make it harder for automakers to meet their sales targets. The Society of Motor Manufacturers and Traders (SMMT) warns of a decline in demand for electric vehicles due to high prices and inadequate charging infrastructure. The SMMT emphasizes that the delayed ban must be accompanied by attractive incentives and measures to accelerate the deployment of charging infrastructure to give consumers confidence to switch to electric vehicles.

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Government officials claim that flexibility measures under the system, including allowing manufacturers to exceed electric vehicle sales targets in coming years if they miss them, will deter companies from paying penalties. The continuation of the EV sales program shows the government’s commitment to transitioning the UK to electric cars.

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Nation World News Desk
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