The UK is vying with Germany to be Europe’s largest market for electric vehicles during 2024, after carmakers spent an estimated £4.5bn in discounts to spur the switch away from internal combustion cars. EVs accounted for 19.6 per cent of new cars sold in the UK last year, according to figures from the Society of Motor Manufacturers and Traders. This is higher than the 16.
8bn to buy credits to avoid fines for the past year, the Department for Transport said it was “confident” that flexibility in the current scheme meant that none of them would face financial penalties for the year 2024. The ZEV mandate — which was drawn up by the previous Conservative government when sales were expected to rise sharply — has come under significant criticism from the industry, which has warned that pushing too fast will cost jobs.
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