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What's going on?

The UK government said last week it’s introducing new rules in a bid to make half of all new cars in the UK electric by 2028, but its infrastructure could do with an update first…

What does this mean?

The UK government said two years ago that it’d be banning the sale of new petrol and diesel cars from 2030, and this move should help it get there: it’s introducing China-style rules that’ll force carmakers to make 22% of their output fully electric by 2024, 52% by 2028, and 80% by 2030. But some industry organizations are calling for more relaxed targets – not least because there’s not much talk of actively incentivizing British customers to actually buy EVs. They’re also not convinced there’ll be enough charging stations across the UK to power them – a shortfall that’s long been putting off potential electric converts in the country.

Why should I care?

The bigger picture: Did you forget something else?
The UK government’s latest plan is focused squarely on fully electric cars, but it hasn’t said anything about hybrids. That’s left hybrid specialists like Toyota wondering if they’ll even be able to sell them to British customers after 2030, which might be why the world’s biggest carmaker has threatened to stop investing in its UK-based carmaking plant – one of the biggest in the country.

Zooming out: Join in or lose out.
Government-led EV initiatives – of which there are more and more each year – do seem to be working: data from Bloomberg out on Friday showed there were around 16 million EVs on the world’s roads by the end of last year – up from just 1 million in 2016 (tweet this). And since Bloomberg thinks emerging markets will end up embracing EVs too, it now reckons that this figure could hit 71 million by 2025 – 10 years ahead of previous forecasts.

Originally posted as part of the Finimize daily email.

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