Sunday 14 June 2026
FTSE 100 10,471.72 +2.12%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 66,020.04 +2.81%Gold $4,238.80 +0.56%Silver 67.97 +0.17%Brent Crude Oil $87.33 0.00%Dollar Index 99.81 +0.06%GBP/USD 1.3416 +0.40%GBP/EUR 1.1568 -0.13%GBP/AUD 1.8952 -0.76%Bitcoin (USD) $64,838 +0.65%Ethereum (USD) 1,702.37 +1.32%FTSE 100 10,471.72 +2.12%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 66,020.04 +2.81%Gold $4,238.80 +0.56%Silver 67.97 +0.17%Brent Crude Oil $87.33 0.00%Dollar Index 99.81 +0.06%GBP/USD 1.3416 +0.40%GBP/EUR 1.1568 -0.13%GBP/AUD 1.8952 -0.76%Bitcoin (USD) $64,838 +0.65%Ethereum (USD) 1,702.37 +1.32%
Advertisement
Follow News in 60 on Facebook
UK Weather
London 18°C Partly cloudyBirmingham 17°C OvercastManchester 17°C Partly cloudyNewcastle 15°C ClearBristol 17°C Partly cloudyCardiff 17°C Partly CloudyEdinburgh 12°C Partly CloudyBelfast 13°C Partly Cloudy

UK’s Electric Vehicle Sales Target Faces Reduction

Advertisement
Follow News in 60 on Facebook

The UK government is considering a reduction in its ambitious target for electric vehicle (EV) sales, which currently mandates that 80% of new cars sold must be electric by 2030. This potential weakening of the target has raised concerns among sustainability advocates who argue it could jeopardise the UK’s long-term climate goals and electrification efforts. The government is expected to consult on the new target, with figures ranging from 50% to 70% under consideration.

Car manufacturers and trade unions have lobbied for a softer target, citing financial pressures and job security as key concerns. The automotive industry has already incurred significant costs, exceeding £10 billion in discounts to meet existing mandates. As the government prepares to meet with industry representatives, the implications of any changes could ripple through the market, affecting investments in EV infrastructure and consumer confidence.

The Zero Emission Vehicles (ZEV) mandate, which outlines annual increases in EV sales percentages, is also under scrutiny. Industry leaders warn that diluting this mandate could deter private investment in charging infrastructure, crucial for supporting the growing EV market. Public sentiment appears to favour maintaining support for EV charging points, with a recent poll indicating that 74% of Britons want local councils to enhance their efforts in this area.

As the consultation process unfolds, the future of the UK’s EV market hangs in the balance. The decisions made now will not only influence the automotive sector but could also have broader implications for the UK’s environmental commitments and the transition to sustainable transport.

Source: BBC News

Read more Money news →

Leave a comment

Your email address will not be published. Required fields are marked *