UK to review electric car sales targets after industry backlash

Quick Summary:

LONDON :Britain said on Wednesday it would rethink the rules that force carmakers to produce more electric vehicles after the industry warned that the current plan would lead to factory closures and job losses, without stronger demand from consumers.

The rules came into force earlier this year.

Finance minister Rachel Reeves said the government had launched a consultation "to look at the plans we inherited from the previous government".

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Carmakers Britain Force Industry Vehicle Want Electric Government Vehicles Rules Warned

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 20:54:59 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23906087

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 58 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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