According to Prime Minister Boris Johnson, diesel and gasoline cars will be no longer allowed to meander the UK roads by the end of this decade. This decision is part of Boris Johnson’s ten-point plan transition to green energy. Additionally, the plan details the creation of over 200000 employment opportunities and the achievement of climate change objectives.

Boris Johnson explained that the plan would narrow down to the carbon capture and storage strategy, generation of hydrogen energy, offshore wind power, and nuclear energy. He believes that these areas will open up the country to take clean energy.

The ban on diesel and petrol cars will accelerate the uptake of electric vehicles and stimulate the renewable energy sector’s development to meet the energy demand for recharging these vehicles and industrial operations. Initially, the ban was to take effect in 2040, but regular meetings and changes have seen come down to 2030.

The new date came after a discussion between the government and industry stakeholders. Nevertheless, the government is still open to the uptake of hybrids while they evaluate the ideal method to meet all the electricity demands with renewable energy.

The UK Prime Minister announced that they would release £1.3 billion to facilitate the development of electric vehicle charging facilities countrywide. This move will minimize the range anxiety among customers and stimulate the purchase of these vehicles to replace the outgoing ICE models. £500 million of this funding will be utilized to produce electric vehicles on a large scale to surpass and suppress any further production of diesel and petrol cars.

Nonetheless, the number of ICE cars roaming the UK streets and roads are numerous, posing an enormous challenge on where they will be going once the electric vehicles come into the picture. About 2 percent of the total automotive sales in the UK this year were electric vehicles, according to Tom Heggarty of Wood Mackenzie. The roadmap to realize 100 percent of sales being electric vehicles implies vast efforts from all the stakeholders unless the country wants this vision to remain supercritically ambitious.

The UK joins other countries in the race to stop the emissions coming from the transportation industry by banning ICE cars. Denmark has also declared similar interests before the end of this decade. On the other hand, Norway became the leading adopter of electric vehicles to beat major countries with unparalleled economies. The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, stated that the timeline to initiate the ban on ICE cars would require rigorous efforts from all sectors. He expressed his excitement over the government’s move to support hybrid technology.

https://nymarketreports.com/

By admin