Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Ministers warned of electric car policy fiasco

by February 27, 2023
February 27, 2023
Ministers warned of electric car policy fiasco

A senior figure at the Japanese carmaker Honda has warned that the government risks creating a “chaotic fiasco” with delays to its policy for boosting electric car use this decade.

A mandate on how many electric models car manufacturers must sell each year was a key pledge under the net-zero strategy introduced by Boris Johnson when he was prime minister.

The step was regarded as vital to deliver the government’s ban on the sale of new petrol and diesel cars in 2030 to meet its climate-change objectives. However, details of the zero-emissions vehicle (ZEV) mandate have not been finalised because of political delays.

The scheme is due to start next year, but carmakers still have no clarity, and private anger is beginning to spill over into the public domain.

Patrick Keating, who runs European government affairs at Honda, said the “political inertia” was “very frustrating”. He said on LinkedIn: “The delays risk the ZEV mandate roll-out becoming a chaotic fiasco.” A Honda spokesman said: “Honda is fully supportive of the government’s transport decarbonisation agenda.”

Fully electric cars accounted for 16.6 per cent of all car sales in the UK last year, a record. Given the rapid growth in electric car sales in recent years, a government briefing last year said carmakers could expect the mandate to be set at between 20 and 30 per cent next year.

Matt Finch, UK policy manager at the campaign group Transport & Environment, said: “The ZEV mandate could and should be a world-leading piece of legislation. But the policy’s constant delays suggest that it, and therefore the climate crisis, just isn’t a priority for the Sunak administration.”

There are conflicting accounts as to why the policy has stalled. Some blame Mark Harper, the transport secretary; sources close to him say he is keen to push the policy forward.

However, The Times understands Rishi Sunak is planning a “big net-zero moment” next month, which may include the proposals on the electric car mandate. The government has considered tweaks to the scheme to provide flexibility in its first two years.

The big car brands expect to produce 842,200 cars this year, a rise of almost 10 per cent, driven by greater electric vehicle production. More than 40 per cent of cars built in the UK last month were electric, according to the Society of Motor Manufacturers and Traders.

However, analysis today predicts that if sales of new electric cars are based on targets being proposed by the government for its mandate, rather than track the industry’s “high” sales projections, there would be 2.1 million fewer second-hand electric cars available by 2033. Collectively that would cost drivers £9 billion as they miss out on cheaper running costs from going electric, the Energy and Climate Intelligence Unit think tank said.

The Department for Transport said: “We’re working closely with industry on the path to all new cars being zero-emission by 2035, and a final consultation on the mandate will be published shortly.”

Read more:
Ministers warned of electric car policy fiasco

0
FacebookTwitterGoogle +Pinterest
previous post
Australian startup Recharge finalises deal to take over UK battery maker Britishvolt
next post
Ofgem cuts energy price cap but bills are still set to rise

You may also like

Rishi Sunak announces plan to gradually ban smoking

October 4, 2023

How AI Is Reinventing Customer Personalisation for Small...

April 22, 2025

PPE Medpro trial ends with defence accusing DHSC...

July 11, 2025

Building a Global Business: The Importance of Strategic...

March 25, 2025

Elon Musk Secures Shareholder Approval for Historic £44bn...

June 14, 2024

How Business Leaders Can Boost Team Efficiency

August 3, 2022

Exploring Walking Trainers for the UK Market: Design...

June 18, 2025

Unfunded tax cuts will result in £60bn spending...

October 11, 2022

Ringover raises €20M to revolutionise sales performance and...

June 7, 2023

Why THC Gummies Is the Next Big Thing...

October 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Congress Should Restore the Proper Incentives for Public-Interest Litigation

      July 16, 2025
    • House Republicans float grilling Joe, Jill Biden as former aides stonewall cover-up probe

      July 16, 2025
    • Republicans fixated on Epstein are getting ‘duped’ by Democrats, Trump insists

      July 16, 2025
    • Copper Tariffs Are the New Steel Tariffs

      July 16, 2025
    • New Evidence Underscores the Value of Tobacco Harm Reduction

      July 16, 2025
    • Former DC councilmember wins back seat months after being expelled over bribery charge

      July 16, 2025

    Categories

    • Business (8,499)
    • Investing (2,127)
    • Politics (16,074)
    • Stocks (3,214)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved