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Transport Secretary Mark Harper said the new updates had provided \u201ccertainty\u201d for business and offered a \u201crealistic\u201d timeframe for families to plan towards.<\/p>\n
He explained: \u201cThe path to zero emission vehicles announced today makes sure the route to get there is proportionate, pragmatic, and realistic for families.<\/p>\n
\u201cOur mandate provides certainty for manufacturers, benefits drivers by providing more options, and helps grow the economy by creating skilled jobs.\u201d<\/p>\n
Manufacturers who fail to meet the targets are expected to be fined with bills of \u00a315,000 per car previously touted.<\/p>\n
However, companies can benefit from a flexible trading scheme to ensure they do not go over the restrictions.<\/p>\n
DON’T MISS <\/strong> We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n This will allow firms to bank compliance in years when they exceed their annual targets for use in future years.<\/p>\n They can also trade them with other manufacturers that have fallen short of their goals.<\/p>\n Mike Hawes, president of the\u00a0Society of Motor Manufacturers and Traders\u00a0(SMMT) claimed industry would welcome the news.<\/p>\n He remarked: \u201cThe automotive industry is investing billions in decarbonisation and recognises the importance of the zero emission vehicle mandate as the single most important measure to deliver net zero.<\/p>\n \u201cWe welcome the clarity the mandate\u2019s publication provides for the next six years and the flexibilities it contains to support pragmatic, equitable delivery across this diverse sector.<\/p>\n \u201cManufacturers offer a vast range of zero emission vehicles, but demand must also match supply \u2013 that means making ZEVs affordable by incentivising drivers to make the switch now and delivering the infrastructure to meet consumer expectations.\u201d<\/p>\n Companies have already made progress with SMMT data revealing that 20 percent of new cars sold in August were zero emission.<\/p>\n Meanwhile, some firms have taken it into their own hands with Nissan admitting this week they would stick with the previous 2030 target.<\/p>\n Jakob Pfaudler, AA CEO, added: \u201cToday\u2019s announcement brings welcome clarity to help support investment in ZEVs and associated technologies and industries.<\/p>\n \u201cOver time, and as part of a wider set of policies, it will help the UK’s motorists manage the transition and the AA will be working to give confidence to drivers during this period.”<\/p>\n
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