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UK reconsiders EV sales targets, listening to automakers

  • The UK is reconsidering its electric vehicle (EV) sales targets after listening to automakers’ warnings.
  • The Zero Emission Vehicle (ZEV) mandates will be under consultation as the UK government aims to make 80% of new cars and 70% of new vans sold in Great Britain be zero-emission vehicles by 2030.
  • Automakers have raised concerns over the cost of the ZEV mandates, which could amount to $7.6 billion in 2024, threatening jobs and Britain’s appeal as a manufacturing hub.
  • UK Business Minister Jonathan Reynolds blames the previous Conservative government for giving mixed policy signals, leading to a reduction in consumer confidence.

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