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

'Our approach is working': UK car industry expected to meet EV sales target in 2025

'Our approach is working': UK car industry expected to meet EV sales target in 2025

Industry on course to hit the regulatory target for 28 per cent of UK car sales to be electric in 2025, ECIU analysis suggests

Michael Holder
clock 22 December 2025 • 7 min read
EU unveils plan to dilute ban on sale of petrol and diesel cars

EU unveils plan to dilute ban on sale of petrol and diesel cars

New package would drop planned ban, requiring manufacturers to instead cut tailpipe emissions 90 per cent by 2035 while ramping up investment in clean technologies

James Murray
clock 17 December 2025 • 5 min read
'Huge vote of confidence': Nissan confirms £450m investment as new LEAF production starts in Sunderland

'Huge vote of confidence': Nissan confirms £450m investment as new LEAF production starts in Sunderland

Next generation Nissan LEAF becomes first new high-volume EV to be produced in the UK since 2020, supporting 6,000 jobs in the process

Stuart Stone
clock 16 December 2025 • 5 min read