Data experts at Cap HPI are warning the industry to approach the upcoming months with care as the pressure to meet Zero Emission Vehicle (ZEV) mandate requirements intensifies.
Car manufacturers are rationing the UK supply of petrol and hybrid cars as they grapple with government-imposed environmental targets, leading to growing frustration among consumers and industry leaders alike.
Manufacturers could well start to abandon the UK to focus on other markets in response to highly challenging net zero targets, according to Cox Automotive.
The chief executive of Stellantis has slated the UK ZEV mandate, claiming it could drive carmakers to flood the market with EVs, ultimately threatening their own viability.
The huge choice of EV cars coming on to the market combined with emissions targets could drive EVs to achieve price parity with their ICE counterparts.
