ZEV Mandate: UK economy would get at least £2.9bn hit

ZEV Mandate revisions could cost UK economy £2.9bn

Weakening the ZEV Mandate would send out the wrong message to industry and could cost the UK economy more than £2.9bn. This is according to new analysis carried out by […] The post ZEV Mandate revisions could cost UK economy £2.9bn first appeared on Bodyshop Magazine.

Weakening ZEV mandate could cost UK economy £2.9bn, warns BEAMA

BEAMA says reducing the 2030 ZEV sales target from 80% to 50% could weaken VAT revenues and undermine investment confidence

ZEV Mandate: UK economy would get at least £2.9bn hit

Weakening the Zero Emissions Vehicle (ZEV) Mandate could cost the UK economy at least £2.9bn, according to analysis by the UK trade association BEAMA. The analysis compares the current ZEV mandate, which targets that 80% of UK vehicle sales will be electric vehicles in 2030, with the government’s proposed weakened mandate, which drops the target to 50%. Both scenarios factor a gradual increase in the proportion of ZEV sales through to 2034. Unde…