Electric cars lose share as private sales fall.

[Workingman]

Down to 15.2% of all sales.

That's about 46,000 short of the governments mandated figure of 22%. Soo, manufacturers will have to pay £1,500 per car short. I wonder how they will stay in business once the £69 million in fines are levied?

My guess... a BIG U-turn.

I feel another CON sales pitch coming on.

[Suff]

The government mandated figure is 22% of your fleet, not 22% of the UK vehicles.

So whilst that £69m will be levied, it will go more to some manufacturers than others. I estimate near £40m will go to Ford.

Still peanuts but to a company that made a crushing loss of $1.9bn in 2022 and only $4.3bn in 2023 (Tesla made the same profit), it is still something to be avoided if you can especially as it would snowball to close to $200m by year end.

[Workingman]

No it is not. It is 22% of all ZEVs (even though there are no such things) that's 22% of sales whether private or fleet.
See here

The mandate sets minimum annual targets, starting with a requirement for 22% of new cars sold in 2024 to be zero emission, as originally proposed.

Further:

80% of new cars and 70% of new vans sold in Great Britain is set to be zero emission by 2030, increasing to 100% by 2035.

And this magic zero emissions electricity will come from... where?

The public do not buy the hype.

[cromwell]

Well we will see.
The problem is that the Chinese don't bother with unions, minimum wages and what have you, and can always undercut us.
As they are doing with the BYD (?) brand of electric vehicle.
We are destroying our industrial base to the benefit of the third world and in doing so very probably increasing emissions, not reducing them.
Not very sensible.

[Workingman]

The problem is that the Chinese don't bother with unions, minimum wages and what have you, and can always undercut us.

That's true. And they are building at least one coal fired power station each week in order to produce all these "zero-emissions" vehicles so that we can have the warm and cuddly feeling that we are saving the climate (planet).

Their emissions go up. Our 1% of globals goes down, but at great financial cost to us.

Ponzi scheme doesn't come close.

[Suff]

China has the fastest growing solar on the planet and they are holding many of these coal plants in reserve.

China are also working on Fusion and expanding Nuclear like mad. They will not allow CO2 pollution excuses to slacken their grip on our product market.

However China massively undercutting us on cars is not quite playing out that way right now.

I went to a BYD dealer and had a look. What they are selling in China for $17k is selling here for £34,000.