Britain’s transition to EVs has started to raise concerns after analysis has shown the ZEV mandate has led to a total of £4 billion worth of discounts for EVs.
The Society of Motor Manufacturers and Traders (SMMT) analysed data taken from one of the country’s leading used car marketplaces – Auto Trader. It looked into its EV discounts as well as its own estimated fleet discounts and investigated data from the EV car market data, too. This has resulted in an estimated £4 billion worth of EV discounts to allow manufacturers to hit the ZEV mandate targets. To achieve these ambitious goals, the government needs to urgently review the state of the problem and rethink how the UK is going to move over to electric vehicles.
Mike Hawes, SMMT chief executive, said: “We need an urgent review of the automotive market and the regulation intended to drive it. Not because we want to water down any commitments, but because delivery matters more than national targets. The industry is hurting; profitability and viability are in jeopardy and jobs are on the line. When the world changes, so must we. Workable regulation, backed with incentives, will set us up for success and green growth over the next decade.”
