INTIEAUnited Kingdom · Ten Point Plan for a Green industrial Revolution - Point 4: Zero emissions vehiclesPolicyIn force

Ten Point Plan for a Green industrial Revolution - Point 4: Zero emissions vehicles

As part of the 12 billion GBP Ten Point Plan for a Green Industrial Revolution, the UK intends to develop its strategy for zero emissions vehicles. This package includes a number of proposals, including:   - From 2030, there will be no new sales of new petrol and diesel cars and…

Last changed 1 year ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: United Kingdom · Year: 2020 · Status: In force · Level: National · Type: Voluntary

As part of the 12 billion GBP Ten Point Plan for a Green Industrial Revolution, the UK intends to develop its strategy for zero emissions vehicles. This package includes a number of proposals, including:

- From 2030, there will be no new sales of new petrol and diesel cars and vans, although hybrid cars and vans with longer distance capabilities can continue to be sold until 2035.

- a support package of GBP 2.8 billion to car manufacturing in the UK in the West Midlands, Wales and the North, bringing jobs and investment back into the UK, while simultaneously reducing GHG emissions and improving air quality.

- GBP 1 billion of funding to support the electrification of UK vehicles and their supply chains, including developing 'gigafactories' in the UK to produce the batteries needed at scale. The first GBP 500 million investment will focus on supporting the transformation of the UK automotive sector to shift to electric vehicle production.

- GBP 1.3 billion to support charging infrastructure, targeting support on rapid charging points on motorways and major roads to reduce range anxiety surrounding long journeys using EVs.

- Provide GBP 583 million to extend plug-in vehicle incentives to 2022 to 2023 to reduce prices for consumers.

- a GBP 20 million investment in freight trials for heavy goods vehicles (HGVs) to pioneer hydrogen and other zero emission lorries, to support industry to develop cost-effective zero-emission HGVs in the UK.

These actions are expected to deliver around 40 000 new jobs in 2030, attract around GBP 3 billion of private investment by 2026, while delivering greenhouse gas reductions of around 5 million tonnes of CO2 to 2032 and 300 million tonnes of CO2 to 2050.

Official source: https://www.gov.uk/government/publications/the-ten-point-plan-for-a-green-industrial-revolution/title

Source

https://www.iea.org/policies/12523

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45870NewsIn force

Record Tanker Rates Cripple U.S. Crude Oil Flows to Asia

The Iran war has made oil tanker voyages so inefficient that vessel availability has crumbled and freight costs have soared to record-highs, all but erasing the incentive for shipping crude oil from the U.S. Gulf Coast to Asia. The cost of shipping crude oil from the U.S. Gulf Coast to China soared to as high as $80 million earlier this month. That’s ten times the average tanker rates that had held for years before the Iran war. Freight rates have eased from the record highs seen in early October, but they were still about $60 million for…

7 hours ago
INTEnergy Newsoilprice:oilprice-article-45874NewsIn force

Fuel Oil Becomes Asia’s Next Cost Shock

Singapore’s shipping-fuel market is adding another layer of cost to Asian trade. Disrupted supplies from the Middle East and Russia, resilient bunker demand and prohibitive freight rates have pushed high-sulphur fuel oil above the price of the crude used to produce it. Seasonal relief from Gulf producers and additional Chinese export allowances could ease the squeeze towards year-end, particularly for very-low-sulphur fuel oil. But with replacement cargoes expensive to transport and Russian supplies vulnerable to further disruption, a return…

9 hours ago
INTEnergy Newsoilprice:oilprice-article-45861NewsIn force

Syria's Energy Comeback Could Reshape Middle East Oil and Gas

Syria is undergoing countrywide reconstruction after more than a decade of conflict, which caused extensive infrastructure damage and led to millions of people being displaced. As Syrians rebuild their lives, the government has big plans for economic diversification and growth to support long-term recovery. Thanks to its favourable geographic position, this includes the development of a strong energy sector that could help eventually establish Syria as a regional hub. Syria is now led by President Ahmed al-Sharaa, who formed a transitional government…

11 hours ago
INTEnergy Newsoilprice:oilprice-article-45867NewsIn force

Can Undersea Volcanoes Power Cities? A Seattle Startup Just Took the First Step

A geothermal startup aiming to source energy directly from undersea volcanoes just hit a major milestone that could bring round-the-clock clean energy to cities on the northwest coast of the United States and serve as a critical proof of concept for other regions, with particular relevance for the other 14 countries situated along the Pacific Ring of Fire. Seattle-based energy startup Endurance Energy just announced that it successfully created net-positive energy from its underwater geothermal plant in a world first. The company successfully…

13 hours ago
INTEnergy Newsoilprice:oilprice-article-45860NewsIn force

Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion

United States President Donald Trump has repeatedly targeted offshore wind since coming into office last year, as he strives to expand the country’s fossil fuel sector and shift the focus away from renewable energy. Trump has sought to halt the development of several offshore wind projects and has even resorted to paying companies to relinquish their leases on areas off the U.S. coast to instead invest in oil and gas projects. Now, Trump is looking to rescind approval for Connecticut’s first offshore wind project, Revolution Wind, as…

15 hours ago