Analysis:UK's fossil fuel car ban delay may only stall investment

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LONDON : Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty.UK Prime Minister Rishi Sunak, who is expected to fac

LONDON : Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles , even though the news drew anger from automakers worried about supply chains and investment uncertainty.

Industry analysts, however, said Sunak above all had undermined investment certainty when British companies are fighting to attract investors to a relatively small market cut loose from the European Union following Brexit. Under the new mandate that the government could make public as early as this week, the 80 per cent 2030 electric target should remain - with the other 20 per cent a mixture of fossil fuel models and hybrids until 2035.

Global carmakers have already bet big on electric - partly because it is too expensive to make combustion engine cars while also investing heavily in EVs.

 

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