Analysis-UK's fossil fuel car ban delay may only stall investment

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

By Nick Carey and Alistair Smout LONDON (Reuters) - Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the ...

By Nick Carey and Alistair Smout LONDON - Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles , evenGourmet Chicken Tenders: Recipe in Description | SaltWire #QuickRecipes #FoodShorts #CookingShortsLONDON - Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles , even though the news drew anger from automakers worried about...

Industry analysts, however, said Sunak above all had undermined investment certainty when British companies are fighting to attract investors to a relatively small market cut loose from the European Union following Brexit. Under the new mandate that the government could make public as early as this week, the 80% 2030 electric target should remain - with the other 20% a mixture of fossil fuel models and hybrids until 2035.

Global carmakers have already bet big on electric - partly because it is too expensive to make combustion engine cars while also investing heavily in EVs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines