Ford UK Chair Calls For 'Substantial' Incentives To Boost EV Demand: 'We Need And Want To Sell Electric Vehicles'

Quick Summary:

Ford Motor Co.’s (NYSE:F) UK chair Lisa Brankin has reportedly called on the government to provide consumer incentives of up to £5,000 (approx.$6,350) per car to boost electric vehicle demand.

What Happened: Direct support for consumers to purchase electric vehicles is crucial for the automotive industry to hit net zero milestones, Brankin said, as reported by Sky News.

Demand for EVs has fallen from the time the milestones were set, she added.“The mandate is a really aggressive trajectory to 2030 and the phase out of new petrol and diesel vehicles.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Tech Global UK News Benzinga Markets EVs Electric vehicles F Lisa brankin US3453708600 Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 06:32:29 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24113067

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