BRITAIN'S electric vehicle market will likely miss 2024 targets set by the zero-emission vehicle (ZEV) mandate, a trade body warned on Friday, and called on the new Labor government to introduce incentives for private buyers to speed up the switch to EVs.
BRITAIN'S electric vehicle market will likely miss 2024 targets set by the zero-emission vehicle mandate, a trade body warned on Friday, and called on the new Labor government to introduce incentives for private buyers to speed up the switch to EVs.The comments were made in an open letter to finance minister Rachel Reeves ahead of the October 30 autumn budget, and was signed by the Society of Motor Manufacturers and Traders CEO Mike Hawes and UK heads of several automakers.
Stellantis in June warned it could halt its UK production unless the government does more to boost EV demand.Hawes reiterated his calls to halve the tax on new EV purchase for three years for private customers and reduce VAT on public charging, and pointed to the growth in adoption by the fleet sector as proof that incentivizing works.Currently, tax benefits are only applicable on commercial purchases.UK new car sales rose 1.
Auto Industry Set To Miss 2024 EV Sales Target
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