Car makers are on track to meet their zero-emission vehicle (ZEV) mandate targets for this year, despite many falling short of the electric vehicle (EV) sales targets.
The ZEV mandate, which compels automakers to sell a specific percentage of electric cars annually, imposes fines of £15,000 for each car sold below the target. In 2024, the target is set at 22%, gradually increasing to 80% by 2030.
By the end of July, electric vehicle registrations had increased by 10% to 195,000, according to the Society of Motor Manufacturers and Traders (SMMT).
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