UK pension giants push back on possible changes to EV sales rules
Major investment funds warn about changing electric-vehicle sales requirements in Britain. Fund managers say policy shifts might harm confidence in green-tech projects and affect billions in infrastructure money
Investment leaders are pushing-back against possible changes to Britainʼs electric-car rules‚ which might affect billions in green-tech money. The current rules say car makers need to sell 22% electric vehicles this year; this number goes up to 80% by 2030 (but ministers might change these targets)
Big money-managers like Macquarie‚ M&G‚ and Aviva have put lots of cash into charging stations; they dont like the idea of softer rules. These investment giants think changing the targets will hurt confidence in other green projects — like wind farms and carbon-capture tech
- Car makers want easier targets
- Investment funds oppose any changes
- Energy companies back current rules
- Unions ask for job protection
Louise Haigh (Transport Secretary) met with Nissan this week; sheʼll meet other car-industry people on wed. Car makers face £15‚000 fines for each non-electric car above their quota‚ which they say is too harsh. Carlos Tavares from Stellantis thinks the targets are double what buyers want — his company might close UK factories if rules dont change
We share a common goal with the UK Government of realising a fully-electric future
The government might let exported cars count for targets or change rules for electric-vans. Ian Johnston from Osprey Charging thinks any changes would make UK less attractive for investment — right when it could become a world EV leader
