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What's going on?

The UK government said last week its 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 itd be banning the sale of new petrol and diesel cars from 2030, and this move should help it get there: its introducing China-style rules thatll 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 theres not much talk of actively incentivizing British customers to actually buy EVs. Theyre also not convinced therell be enough charging stations across the UK to power them a shortfall thats long been putting off potential electric converts in the country.

Why should I care?

The bigger picture: Did you forget something else?
The UK governments latest plan is focused squarely on fully electric cars, but it hasnt said anything about hybrids. Thats left hybrid specialists like Toyota wondering if theyll even be able to sell them to British customers after 2030, which might be why the worlds 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 worlds 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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