Business Secretary to face MPs amid concerns over electric vehicle mandate

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

It comes after Vauxhall-owner Stellantis said it would close its van-making plant in Luton, putting 1,100 jobs at risk.

The Business Secretary will face MPs amid mounting concerns over how the car industry will cope with current plans to boost the number of electric vehicles.

The move came after Vauxhall-owner Stellantis said it would close its van-making plant in Luton, putting 1,100 jobs at risk, amid what it called the “stringent” UK zero-emission vehicle mandate. The managing director of Ford UK said the car industry supports targets around electric vehicles but it needs Government-backed incentives to boost their uptake by customers.

The consultation is not expected to result in changes to the Zev mandate’s percentages, but could include amendments to the options for how manufacturers who miss their targets can avoid being fined.In his speech to the SMMT on Tuesday night, Mr Reynolds told the trade body the Government was “absolutely committed” to the 2030 target, but had “heard you loud and clear on the need for support to make this transition a success”.

Minister Stephen Morgan said the Government would work closely with industry in the UK to make sure its Zev mandate is rolled out effectively and that the required infrastructure, such as charging points, must be put in place to meet the targets.

 

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:

 /  🏆 75. 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.

UK ‘exposed’ in event of global trade war, warns business secretaryPM Keir Starmer says Britain could maintain ties with both US and EU in potential transatlantic tariff dispute
Source: FT - 🏆 113. / 51 Read more »

Webinar to guide business owners on selling their businessJerroms announce an upcoming webinar titled “Thinking about Selling Your Business but Unsure Where to Start?” This free webinar aims to provide business owners with the essential knowledge and tools needed to navigate the complex process of selling a business.
Source: ShropshireStar - 🏆 98. / 51 Read more »