The UK automotive industry is facing stagnant electric vehicle (EV) sales, prompting leaders to call for government intervention to reassess the zero emission vehicle (ZEV) mandate. Current consumer enthusiasm has plummeted, with only one in eight prospective buyers looking to switch to EVs in the coming three years. The Society of Motor Manufacturers and Traders (SMMT) highlights job risks and production slowdowns, emphasizing that while EVs should drive growth, they currently contribute to industrial decline. Manufacturers suggest altering the mandate and introducing financial incentives to boost the lagging market for electric cars.
We need to revisit the mandate not to abandon it, but the circumstances have changed.
Carmakers want VAT to be halved on new vehicles and for it to match the 5% household electricity rate for public EV charging points.
#electric-vehicles #uk-automotive-industry #government-mandates #consumer-demand #zero-emission-vehicles
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