Britain's Electric Vehicle Rules Under Review Amid Industry Concerns

Britain plans to reassess electric vehicle production rules following warnings from the automotive industry. Car manufacturers caution that current mandates could lead to job losses and factory closures due to low consumer demand. The government has initiated a consultation to balance EV sales and industry health.

The British government has announced plans to reassess its electric vehicle (EV) production mandates after industry leaders raised alarms over potential factory closures and job losses.

The mandates, established by the former Conservative government as part of Britain's net zero goals, require carmakers to increase EV sales or incur fines. Despite these requirements, consumer demand has been insufficient, sparking concerns about Britain's future as a manufacturing leader.

Finance Minister Rachel Reeves emphasized the need for a balanced approach that supports both EV adoption and the automotive industry. "We are determined to find the right balance through our consultation process," she stated.

(With inputs from agencies.)