Transportation
Stellantis Will Decide Future of UK Plants in Next Few Weeks
- Vauxhall maker has threatened to move production elsewhere
- Governments need to help stimulate demand for EVs, CEO says
The UK introduced a mandate requiring that 22% of each manufacturer’s new-car sales be zero-emission, with that threshold rising to 80% in 2030.
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Stellantis NV is close to deciding the future of its presence in the UK after months of dialogue with the government about its zero-emission vehicle sales mandate, Chief Executive Officer Carlos Tavares said.
The owner of British brand Vauxhall warned in June that it would evaluate producing elsewhere because the mandate was unsustainable. On Monday, Tavares told Bloomberg Television that the government was setting a threshold for battery-electric vehicle sales that is roughly double the “natural” level of demand.