UK Government May Relax Rules On EV Targets, Easing Need To Buy Credits
The UK government is set to review electric vehicle (EV) sales rules through a “fast track” consultation, following pressure from carmakers who argue that current sales targets are too ambitious given weaker-than-expected demand, according to the BBC.
Business Secretary Jonathan Reynolds is expected to announce the consultation at the Society of Motor Manufacturers and Traders’ annual dinner on Tuesday.
Under existing rules, EVs must account for 22% of car sales and 10% of van sales this year, with non-compliance resulting in £15,000 fines per vehicle. Manufacturers can offset shortfalls by purchasing credits from EV-focused firms like Tesla or BYD, which critics say disadvantages UK-based manufacturers.
Longtime Tesla skeptic Mark Spiegel responded to the news on X stating: “So now the UK will join the U.S. and EU in killing the need for car companies to buy emission credits from Tesla.”
While EV sales have risen, making up nearly a quarter of registrations in October, industry sources attribute this to heavy discounting, which they claim is unsustainable.
The BBC writes that Reynolds aims to address these challenges in his forthcoming announcement.
Carmakers, including Nissan, have urged Reynolds and Transport Secretary Louise Haigh to make EV sales regulations more flexible, citing risks to UK jobs and investments. Nissan warned the rules threaten the business case for UK manufacturing, while Ford recently announced 800 job cuts, partly due to weaker EV demand.
While committed to Labour’s 2030 target for ending petrol and diesel car sales, the government is open to tweaks in the EV mandate. Options include allowing credit transfers between cars and vans, granting credit for British-made EVs sold abroad, or introducing new incentives for private buyers.
The government seeks industry consensus on changes but insists annual quotas will remain. Haigh emphasized that while “flexibilities” are being considered, the mandate itself “will not be weakened.”
Tyler Durden Wed, 11/27/2024 – 04:15
Source: https://freedombunker.com/2024/11/27/uk-government-may-relax-rules-on-ev-targets-easing-need-to-buy-credits/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,657,292,558 |
| Stories: | 8,295,639 |
Whistler Blowers, Insiders
