REA warns delaying fossil fuel car sales phase out could cost UK more than £100m

clock • 4 min read
Electric vehicles represent a $7tr global market opportunity by 2030 alone, according to BNEF | Credit: iStock
Image:

Electric vehicles represent a $7tr global market opportunity by 2030 alone, according to BNEF | Credit: iStock

Survey of trade association members highlights major uncertainty in the UK electric vehicle value chain following the government's decision to push back phase out date for new petrol and diesel car sales to 2035

The government's decision to push back the phase date for sales of new diesel and petrol cars to 2035 could cost the UK auto industry more than £100m in lost investments, UK clean technology trade association...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Used EV sales surged to new record in 2025

Used EV sales surged to new record in 2025

While used petrol and diesel cars continue to dominate the market, sales of pre-owned EVs are growing fast

Michael Holder
clock 10 February 2026 • 2 min read
Study: Just a quarter of UK mechanics qualified to work on EVs

Study: Just a quarter of UK mechanics qualified to work on EVs

Gap between the number of EV-trained vehicle technicians and growing demand could 'widen dangerously' in the next five to 10 years - but there are signs the skills base is expanding

James Murray
clock 09 February 2026 • 6 min read
Ohme rewards EV drivers with £750,000 through flexibility trial

Ohme rewards EV drivers with £750,000 through flexibility trial

Ohme's Crowdflex trial demonstrated how charging company can deliver 'significant flexible capacity' through dynamic automated EV charging

clock 06 February 2026 • 2 min read