A leading expert in automotive economics is calling for a comprehensive overhaul of UK policy, including incentives, infrastructure development and a clear industrial strategy to address domestic production woes and accelerate the EV transition.
Speaking at the Vehicle Remarketing Association’s annual seminar, David Bailey, professor of business economics at Birmingham Business School, delivered a pointed critique of the UK’s electric vehicle (EV) strategy, contrasting its struggles with China’s commanding lead in electrification.
In the wake of looming job cuts at both Valuxhall and Ford, UK business secretary Jonathan Reynolds has already confirmed that a fast-track consultation is to be launched on the Zero Emission Vehicle (ZEV) mandate.
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