Stellantis CEO: "Terrible" ZEV mandate will "kill" UK car industry

Stellantis boss Carlos Tavares has branded the ZEV mandate a "terrible thing for the UK" and warned that it could "kill" the domestic automotive industry. Under the current terms of the ZEV mandate, car makers must achieve at least a 22% sales mix of pure-electric models in the UK this year or risk heavy penalties. That proportion rises in increments to 80% in 2030, on the way to combustion car sales being stopped in 2035.

Highlighting the significant supply chain and employment implications this has for the UK, Tavares questioned why his company is subject to the same terms as manufacturers who build elsewhere. "The mandate is treating me the same as anybody that brings from somewhere else.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Auto industry must halve EV battery weight over next decade, Stellantis CEO saysThe automotive industry will have to reduce the weight of EV batteries by 50% in the next 10 years to make electrification environmentally meaningful, the head of Stellantis said on Wednesday.
Source: therealautoblog - 🏆 528. / 51 Read more »

CEO Talks: L.L. Bean CEO Talks Importance of Summer, U.S. Market and Tote BagsL.L. Bean's fiscal 2023 sales were $1.7 million, a slight decline compared to $1.8 million for the previous fiscal year.
Source: wwd - 🏆 24. / 68 Read more »