UK could ease EV sales targets after backlash from automakers

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LONDON : Britain will reconsider rules that force automakers to produce more electric vehicles after the industry warned that the plan would lead to factory closures and job losses without stronger demand from consumers.

Business minister Jonathan Reynolds said Vauxhall parent Stellantis had raised ZEV mandates as a key issue in talks with the government ahead of its decision to close the plant in Luton.

Some of those warnings may have already come to pass, with the owner of Vauxhall announcing plans on Tuesday to shut its van factory in southern England, risking more than 1,000 jobs, and Ford last week saying it would cut 800 UK jobs.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Jobs Electric Rules Mandates Demand Fines Year Vehicle Automakers Industry Britain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 20:54:59 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23907220

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

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