Skip to content

Business

Uncertainty Surrounding Petrol and Diesel Car Ban Raises Concerns for EV Investment

by Max Zaicevs 26 Jul 2023
Petrol and diesel car ban doubt sparks warnings on EV investment

The UK government has been warned that uncertainty over the ban on petrol and diesel cars, which is set to come into effect in 2030, could lead to a lack of investment in electric vehicle (EV) infrastructure and production.

The ban, which was originally announced last year, aims to reduce carbon emissions and improve air quality, but some experts are concerned that the lack of clarity on the policy could put off investors.

Green Alliance, a think tank focusing on environmental issues, has warned that the government needs to provide a clear roadmap for the transition to EVs, including details on charging infrastructure, grid capacity, and recycling for EV batteries.

The warning comes as a new report from the Society of Motor Manufacturers and Traders (SMMT) revealed that the UK automotive industry has already invested £54bn ($73bn) in EV production, with £16bn ($22bn) of that invested in 2020 alone.

However, the SMMT also warned that the industry needs support from the government in order to continue investing in EV production and infrastructure, including financial incentives and a clear plan for the transition to EVs.

The UK government has recently announced plans to ban the sale of new petrol and diesel lorries by 2040, and is considering bringing forward the ban on petrol and diesel cars to 2035.

Trending Eco-Friendly Clothing

Prev Post
Next Post

Eco-Friendly Shop

Women's Clothing

Eco-Friendly Clothing for Women Our online shop offers a wide range of sustainable women’s clothing products, including t-shirts, hoodies, vests, sweaters, shorts, and...
Shop Now

Men's Clothing

Eco-Friendly Clothing for Men Our online shop offers a wide range of sustainable men’s clothing products, including t-shirts, hoodies, vests, sweaters, shorts, and...
Shop Now

Kids Clothing

Eco-Friendly Clothes for Kids Our online shop offers a wide range of sustainable kids clothing products, including t-shirts, hoodies and jumpers. Our garments...
Shop Now
Someone recently bought a
[time] ago, from [location]

Thanks for subscribing!

This email has been registered!

Shop the look

Choose Options

Earth Times
Sign up for exclusive updates, new arrivals & insider only discounts

Recently Viewed

Edit Option
Back In Stock Notification
this is just a warning
Login
Shopping Cart
0 items

Before you leave...

Take 20% off your first order

20% off

Enter the code below at checkout to get 20% off your first order

CODESALE20

Continue Shopping