Weekly Newsletter

19 July 2024

Weekly Newsletter

19 July 2024

Labour’s King’s Speech leaves EV sector uncertain

Address fell short of crucial commitments to electric vehicles, leaving industry experts like Naomi Nye calling for urgent government action to bolster infrastructure.

Alejandro Gonzalez July 18 2024

King Charles III’s opening of Parliament yesterday marked a pivotal moment for the new Labour government, with promises of 39 new laws aimed at rebuilding the nation.

Yet, notably absent from the King’s Speech was any mention of the 2030 petrol and diesel sales ban, a promise prominently featured in Labour’s manifesto.

King’s Speech

Naomi Nye, an expert at Drax Electric Vehicles, aptly captures the prevailing sentiment among those in the electric vehicle (EV) sector: “The transition to electric mobility is steadily growing across the UK, and for everyone working towards the shared net-zero goal, it’s promising to see increased forecasts for EV charging availability.”

However, Nye also highlights the challenges ahead, noting, “Confidence in EV charger access and EV range continues to bring challenges for electrification across households and businesses.”

The disappointment resonates deeper as the King’s Speech omitted substantial references to EVs or broader road transport strategies, save for a brief mention of local bus services.

Nye underscores the need for clarity and support from the government, stating, “We believe there should be more government support and clarification on incentives and grants; we’d also welcome an update on the 2023 Public Charge Point Regulations.”

This omission is particularly poignant for businesses with fleets of vans and heavy goods vehicles (HGVs), pivotal players in the future of electric mobility. Nye stresses, “The increased power requirements and longer charging durations of both vans and HGVs are notable challenges compared to passenger cars.”

Despite the growth in charging infrastructure, many fleets require better public availability and increased power supply. Private companies are stepping up, but government clarification and support are urgently needed to navigate these challenges effectively.

As the nation steers towards a greener future, the government’s silence on key EV initiatives raises uncertainty within the industry. The commitment to achieve net zero emissions for all sectors of the economy by 2050 demands robust policies and proactive measures.

It is imperative that the government swiftly addresses these concerns and provides a clear roadmap to support the transition to electric mobility, ensuring that both businesses and consumers can confidently embrace a sustainable transport future.

UK election – BEVs must be at the heart of strategy for autos

Accelerating the transition: strategies to increase EV use under ZEV mandate

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close