Undimmed by the twin pressures of COVID-19 and the impending end of the transition period, UK Government is set to announce the phase-out of the sale of ICE vehicles by 2030, akin to the Dutch pledge. In order to achieve such an ambitious target in our new world, we are going to need serious investment across the full supply chain for EVs. Providing a clear regulatory signal will create a fantastic opportunity to make investments in an asset class which is expected by many to be truly "sustainable". For more insights on clean transportation, go to https://www.linklaters.com/en/insights/thought-leadership/energy/net-zero-system/clean-transport
The sale of new petrol and diesel cars will be banned within a decade, Boris Johnson is set to announce this week as part of a broader package of green initiatives. In February the prime minister said he was bringing forward a ban on the sale of new petrol and diesel cars from 2040 to 2035. Now Mr Johnson is expected to move the date to 2030 in an attempt to jump-start the market for electric cars in the UK and propel the country towards its goal of net zero emissions by 2050, according to government and industry insiders.