UK Car Industry Warns of Unsustainable EV Transition Amid Potential Fines

October 04, 2024
UK Car Industry Warns of Unsustainable EV Transition Amid Potential Fines
  • UK Car Industry Warns EV Transition Unsustainable Amid Fine Risks

Due to the possibility of fines for failing to meet sales objectives related to climate change, the UK auto sector has issued a warning that its efforts to encourage the shift to electric vehicles cannot be sustained indefinitely.

The law for 2024 mandates manufacturers to ensure that at least 22% of new automobiles sold be zero emission, rising to 80% by 2030 and 100% by 2035.

For every non-zero-emission vehicle sold that surpasses the annual percentage threshold, automakers risk a fine of £15,000.

In an open statement signed by manufacturers, the SMMT stated that the sector was "committed to net zero" but contended that it was bearing the majority of the expenses during a period of record low demand for new cars in the challenging economic climate.

It claimed that "unprecedented discounts" were the sole reason EV sales were increasing and that fleets, not individual consumers, were the main drivers of EV sales.