VW Group calls for EV incentives to accelerate UK demand

  • 📰 autocar
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Cuts to VAT and VED could signal "direction of travel" for industry, according to VW Group's UK boss

The boss of Britain’s biggest car company has called for incentives for private buyers of electric cars to help stimulate demand. Alex Smith, managing director of Volkswagen Group, said that incentives were “eminently sensible” to help “signal that this is the direction of travel” towards electric cars as the UK car market readies to be solely EVs from 2035.

“Car manufacturers have a binding target for the proportion of zero emission vehicles that we sell. I think it would be useful to have binding targets for infrastructure rollout. “If you are providing an infrastructure for the national takeup of an environmentally beneficial product, then there's going to have to be some level of intervention to make sure there is a ubiquity to the charging infrastructure.

 

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:

 /  🏆 93. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major Japanese Firm Cuts Ties With Israel Arms Company Elbit After ICJ RulingThe company’s CFO said the decision was made in compliance with the ICJ’s recent genocide ruling.
Source: truthout - 🏆 69. / 68 Read more »

Tech Companies Investing in AI Lead to Job CutsSAP is investing $2 billion in AI integration and restructuring 8,000 roles, leading to job cuts and re-training of workers.
Source: CBSHealth - 🏆 480. / 51 Read more »