In a controversial decision, PM Rishi Sunak has reversed on the UK’s 2030 petrol and diesel vehicle ban, thwarting billions in automotive production investments and sowing the seeds of distrust
The UK government has announced a disconcerting u-turn on the nation’s net zero 2030 climate targets, in a move that has upset years of planning and investment in automotive manufacturing across the country. The announcement has led to wide condemnation from the automotive industry as it introduces serious uncertainty into the country-wide electrification project.
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BYD plans a third European plant, eyeing Germany despite high costs, to enhance local production and navigate EU tariffs on China-made EVs.
A McKinsey report warns that Europe’s automotive sector is losing ground in global markets. Without decisive action, its competitive edge may erode even further.
The European Commission is giving automakers until 2027 to comply with strict CO2 targets, offering relief to an industry struggling with EV sales and global competition.
