Automotive body says current policy is leading to job losses and has become a ‘driver of de-industrialisation’Fresh incentives to boost a flatlining electric car market are urgently needed, according to the UK automotive industry, whose leaders called on the government to act fast and “revisit the mandate” for zero emission vehicles (ZEV).The Society of Motor Manufacturers and Traders (SMMT) said its research showed growth in consumer demand for EVs was lower than expected, with only one in eight new buyers planning to switch in the next three years, putting jobs at risk. Continue reading...
The UK car industry is urging the government to introduce new incentives for electric vehicles (EVs) due to slowing consumer demand and reliance on existing EV owners. The industry body SMMT is asking the government to revisit the ZEV mandate as only 12% of new buyers plan to switch to EVs in the next three years. Carmakers propose halving VAT on new EVs and aligning public charging VAT with household electricity rates. They face penalties for not meeting the ZEV mandate, which requires 28% of new car sales to be zero emission. The government has pledged to maintain momentum on EV infrastructure and reaffirmed its commitment to banning the sale of new petrol and diesel cars by 2030.
