Caption: Nissan warned fines for car makers for missing EV targets puts an “irreversible impact” on UK car production. Photo: Owen Humphreys/ PAThe bosses of leading international car makers and electric vehicle charging companies told Business Secretary Jonathan Reynolds and Louis Haigh, the Transport Secretary that the UK motor industry is set to miss the mandatory government targets for electric vehicle sales in its first year after a slowdown in consumer demand.
“Missing the target will result in significant fines for manufacturers unless credits are purchased from EV-only brands – none of which manufacture in the UK, meaning the UK automotive industry will effectively be subsidising EV sectors in other countries, at the expense of investment in Britain,” the company warned.
The Japanese carmaker said it is proud to call the UK home, employing over 7,000 people who design, engineer and build vehicles in Britain for customers across Europe and the world, contributing more than £2bn per year to the UK economy though wages, UK-built parts and services.. We now need to see urgent action from the Government by the end of the year to avoid a potentially irreversible impact on the UK automotive sector.
“A strong market and manufacturing base that sustains jobs and drives growth requires workable regulation backed by support for consumers – fiscal incentives and confidence that the charging network will be there when it is needed. We will now work urgently with government to identify any adjustments necessary to help the industry and government meet their targets, instilling confidence in the consumer and other stakeholders, all of whom are part of this transition.
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Source: i newspaper - 🏆 8. / 89 Read more »