Later City News: By 2030, 40% of all vehicles sold in China will be Electric Vehicles (EV) while 46% of all cars equal to 16 million vehicles on the UK road must be EVs.
Based on a series of MIT analyses, China imposed a mandate on automakers requiring that electric vehicles (EVs) make up 40% of all sales by 2030.
Between 2021 and 2030, the transition cost to China’s society could equal 0.1% of the nation’s growing gross domestic product every year. In a follow-on study, the researchers are finding that the benefits of the mandated move to EVs for air pollution, human health, climate change, and national security may be large enough to offset the cost.
In the UK the Government’s ambitious plan to cut carbon dioxide (CO2) emissions by 68 percent by 2030 will require 46 percent of the UK’s 35 million cars to be zero-emission vehicles, according to the Climate Change Committee (CCC).
According to a report written by Hugo Griffiths and published by Auto Express,
Putting 16.1 million new cars on the road by 2030 would require almost every single one of the circa two million new cars registered in the UK each year to be EVs over the next nine years.
It is part of what Mr. Johnson calls a "green industrial revolution" to tackle climate change and create jobs in industries such as nuclear energy.
Critics say the £4bn allocated to implement the 10-point plan is far too small for the scale of the challenge.
News published by BBC confirms the total amount of new money announced in the package is a 25th of the projected £100bn costs of high-speed rail, HS2.
Another key point of the plan is a £1.3bn investment in electric vehicle (EV) charging points. Grants for EV buyers will stretch to £582m to help people make the transition.
There is also nearly £500m for battery manufacture in the Midlands and the north-east of England.
Many of the details of the plan will be written into an energy white paper proposing future legislation, which is expected by the end of the month.
In the race to clean up motoring, the UK is now in second place after Norway, which has a fossil fuel vehicle abolition date of 2025.
UK carmakers have warned about the scale of the challenge, but the government believes that forcing technological change can give firms a competitive edge.
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