One in two new cars will have to be electric by 2028 Business

The Society of Motor Manufacturers and Traders said the new rules “should encourage consumers to buy, not just compel manufacturers to produce”.

SMMT chief executive Mike Hawes said: “The danger is that consumers will not be incentivized to buy these new vehicles – vehicles that will remain more expensive than traditional petrol and diesel cars for several years to come – in the quantities needed, keeping them in older, more polluting vehicles for even longer, thus undermining the carbon savings that this regulation aims to achieve.

“Market transformation has been proven to work faster when mandates come with incentives and, for automotive electrification, we also need proportionate and binding targets for infrastructure provision. We will now work closely with the government during its consultation process to ensure that the final regulations help the market transition to a zero-emission automobile.

The DfT said several major manufacturers, such as Ford, Mercedes, Audi, Peugeot and Volvo, have already pledged to sell only electric cars in the UK by 2030.

Volkswagen and Land Rover expect battery-powered vehicles to account for half of their sales, while for Toyota, Honda and Porsche, all-electric sales would be a fraction of the total.

Toyota has bet on hybrid models to reduce its environmental impact and had previously warned it would stop investing in its UK factories if the rules end up hampering sales.

The government announced two years ago that new petrol and diesel vehicles would be banned from 2030, while some hybrid models could be marketed until 2035.

Last month, the Office for Budget Responsibility said electric models would account for 59% of new car sales by 2027, doubling the forecast released in October.

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This notice was published: 2022-04-07 19:34:52

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