EV Sales Targets Impact Industry
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specific electric car sales targetsMailOnline
•How binding EV sales targets push car makers to use drastic tactics
79% Informative
Government's Zero Emission Vehicle (ZEV) Mandate was introduced in January .
Requiring manufacturers to sell more EVs in build up to 2035 ban on new petrol and diesel models.
Those who don't meet targets can face a fine of 15,000 each on petrol or diesel cars sold.
Makers are slashing EV prices, utilising Motability and adding more dealer demonstrators to boost numbers.
MG 's commercial director says industry's witnessing behaviour and tactics 'not seen in 40 years' .
Renault , Volkswagen , Land Rover , Ford and Toyota are falling behind the required 22% for 2024 zero emission sales.
Manufacturers that fail to comply with the targets face fines of 15,000 for every non-ZEV car and 18,000 per non-EV van.
All-electric manufacturers like Tesla , Polestar , Smart, GWM Ora and BYD face the prospect of becoming a main source of ZEV credits for other brands.
Dealers are left with a forecourt of used, low mileage (just test mileage) EVs.
J.D. Power reported many used car markets across Europe seeing EV residual values fall month on month and year on year .
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