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Car industry sounds warning as electric car sales stall

  • The Society of Motor Manufacturers and Traders warned that UK electric vehicle sales have stalled below 18%, causing concerns about meeting government mandates.
  • SMMT Chief Executive Mike Hawes mentioned serious market growth issues, stating that September's EV performance does not meet mandated targets.
  • To stimulate sales, SMMT recommended government incentives, such as halving VAT on new electric vehicles and reducing VAT on public charging.
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EuropeEurope
Electric VehiclesElectric Vehicles
BusinessBusiness
European EconomyEuropean Economy
AutoAuto
UK EconomyUK Economy
United KingdomUnited Kingdom
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