Car makers warn plants may shut unless government backs EV industry

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 89%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Stellantis says if UK becomes 'hostile' it will reassess plans to build electric vehicles here, despite spending millions to set up factories

Stellantis says if UK becomes"hostile" it will reassess plans to build electric vehicles here, despite spending millions to set up factories

Ms Davino cautioned that while Stellantis’s investment in both plants demonstrated the company’s confidence in them, it was the first step towards a fully electric future which requires “the UK government to stimulate more demand in the electric vehicle market and support manufacturers that invest in the UK for a sustainable transition.”

The original plan for the wider UK car sector was a ban on new sales of petrol and diesel driven vehicles by 2030. Unlike the EU – where car makers can meet CO2 reduction targets by selling a mixture of hybrids and EVs – Britain is demanding from this year that companies sell a minimum percentage of fully electric cars or face fines of £15,000 for every non-compliant vehicle sold.

Rather than pay fines, Stellantis may import fewer fossil-fuel models into the UK to curtail sales and hit the 22 per cent target, Ms Davino said.said the next government needed to work in partnership with the industry to deliver growth worth £50bn in the next 10 years, and help more drivers switch to zero-emission motoring.

The SMMT called on the next government to adopt its five-point plan to strengthen the UK car industry

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:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Car hire company gets green light to use vacant Telford car park as storagePlanning permission has been granted for a car hire company to use a vacant car park in a Telford industrial estate for storage.
Source: ShropshireStar - 🏆 98. / 51 Read more »