Transportation
Carmakers Dangle £2 Billion in EV Discounts to Boost UK Sales
- The magnitude of price cuts is untenable, industry group warns
- Automakers face fines in UK for missing electric sales targets
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Carmakers are on course to offer at least £2 billion ($2.6 billion) in electric-vehicle discounts this year and still fall short of the UK government’s sales mandate, according to the industry’s trade body.
Steep price cuts helped lift battery-electric vehicle registrations to a record in September, the Society of Motor Manufacturers and Traders said Friday. But even last month, zero-emission cars came up shy of the 22% share target the government has set for this year.