14 Sep '18, 8am

Brexit No-Deal could threaten the UK electric vehicle market reports FT

Brexit No-Deal could threaten the UK electric vehicle market reports FT

This in turn means that manufacturers will have less incentive to sell EVs in Britain, according to Government documents discussing the impacts of a no-deal exit from the EU. The revelation comes at a time when manufacturers are preparing to launch a series of EV models on the market, while a ‘super credits’ system will offset conventional vehicles, the aim being to encourage a rise in the sale of electric cars. If EVs sold in Britain are not counted as part of EU targets, suggest the documents, this could force manufacturers to shift sales to other European countries. Automotive expert at Aston University, Professor David Bailey told the FT that the move could “really throw a spanner in the works of the electric car market in the UK. If Britain’s cars don’t count towards EU targets, companies will be incentivised to sell them elsewhere. This is definitely an issue, and co...

Full article: https://www.renewableenergymagazine.com/electric_hybrid_v...

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