Reported about 9 hours ago
The UK government is set to review its mandates requiring automakers to increase electric vehicle (EV) production, following warnings from the industry about potential job losses and factory closures due to insufficient consumer demand. Automakers have indicated that the current targets, which require 22% of new car sales to be EVs in 2024, are unrealistic, with actual sales projections falling short at 18.7%. The industry's caution is attributed to high costs, interest rates, and inadequate charging infrastructure, leading to calls for more support and incentives.
Source: YAHOO