UK Auto Industry Warns EV Demand Dip Risks Jobs, Calls for Incentives

The UK automotive industry warns that failing to boost electric vehicle (EV) demand could jeopardize jobs. The Society of Motor Manufacturers and Traders (SMMT) urges government incentives, including halving VAT on new EV purchases, to increase EV adoption. This could boost the market by 15%, delivering two million new EVs by 2028. The SMMT highlights the need to meet the zero-emission vehicles (ZEV) mandate, requiring at least 28% of new car sales to be zero-emission, to avoid penalties. A survey indicates that purchase incentives could sway electric sceptics, potentially energizing business across sectors. The government is analyzing feedback on ZEV mandate changes and remains committed to prohibiting the sale of conventionally fueled new cars and vans from 2035.