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Best electric cars to buy 2023<\/li>\n<\/ul>\nThe UK\u2019s new ZEV mandate also includes what the government calls a \u2018trading scheme\u2019, enabling car makers to \u2018bank compliance\u2019 in years they may exceed the target for use in future years. They can also trade credit with manufacturers that may have failed to meet their own target in any given year – car makers can \u2018borrow\u2019 up to 75 per cent of their annual target in 2024, reducing to 25 per cent in 2026.<\/p>\n
The car industry has welcomed the clarity, although it comes late in the day with the new rules set to apply from this coming January. However, it has also renewed calls for the government to help incentivise EV sales using taxpayers cash to subsidise prices.<\/p>\n
\u201cWith less than 100 days to go, manufacturers finally have clarity on what they are required to sell next year and up to 2030.\u201d says the chief executive of the Society of Motor Manufacturers and Traders, Mike Hawes. \u201cManufacturers offer a vast range of zero-emission vehicles, but demand must also match supply. We need a buoyant market that delivers fleet renewal at scale, ensures a vibrant used EV market and gives consumers confidence. This means an attractive package of fiscal and other incentives, mandated infrastructure targets and a consistent message that encourages drivers to switch now.\u201d<\/p>\n
Ford UK\u2019s chair Lisa Brankin said she welcomed the fact that the DfT had listened to the company\u2019s input when it came to shaping the ZEV mandate, but pointed to the threat of tariffs adding more to the cost of EVs for consumers under imminent \u2018rules of origin\u2019 rules that car makers on both sides of the channel want the European Commission and British government to renegotiate.<\/p>\n
\u201cWith a potential 10 per cent tariff on European-built electric vehicles from January under the UK-EU trade deal, more needs to be done to make the switch easier for customers. Tariffs will hit both UK and EU manufacturers so it is vital that both sides come to the table to agree a solution,\u201d she said.<\/p>\n
Click here for more on the UK's planned 2035 ban on new petrol and diesel cars sales…<\/strong><\/em><\/p>\nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"EV sales targets will apply from 2024 to the 2035 petrol and diesel ban, but there\u2019s a \u2018trading scheme\u2019 to<\/p>\n","protected":false},"author":2,"featured_media":240079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n
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<\/p>\n