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10mo ago

UK Car Manufacturers Ration Petrol Vehicles to Meet Electric Mandates

Government policies require 22% of new cars sold to be electric, leading to supply constraints for petrol models.

SAINT AUSTELL, UNITED KINGDOM - AUGUST 14: Cars recharge at a charging station for electric vehicles at Cornwall service station near Saint Austell, on August 14, 2024 in Cornwall, England. The government's commitment to reducing future Co2 carbon emissions will mean many more motorists will need to switch from petrol and diesel powered cars to electric (EV) driven ones. However there are also fears that the charging network in the UK is not yet fit to deal with the enormous demand more EVs on the road would place on it.(Photo by Matt Cardy/Getty Images)
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Overview

  • Manufacturers face fines for not meeting electric vehicle (EV) sales quotas.
  • High prices and inadequate charging infrastructure deter consumers from buying EVs.
  • Petrol car sales are restricted to artificially boost EV market share.
  • Fleet operators struggle with rapid depreciation of EV values.
  • Calls grow for government incentives to bridge the cost gap between EVs and petrol cars.