The Society for Motor Manufacturers and Traders said yesterday that despite selling 41.6 per cent more electric vehicles in January than a year ago, the industry is still well short of the 28 per cent target.
President Trump, shown as a rival manufacturer’s doll above, has already put 10 per cent tariffs on China, where Mattel makes 40 per cent of its products.
Stellantis has blamed the ZEV mandate for the closure of Vauxhall’s Luton plant, even though the car maker met its 22 per cent target last year through heavy discounting.
The ZEV scheme requires car makers to have 28 per cent of their sales come from electric vehicles by the end of this year and have phased out petrol cars by 2030 or face hefty fines.
THE Bank of England is expected to lower interest rates today from the current 4.75 per cent to 4.5 per cent.
