The UK motor industry is being consulted over how the phasing-out of new petrol and diesel cars by 2030 will work, the government has announced.
The ban on sales of these vehicles had been extended to 2035 under the previous Conservative government but Labour said it would restore the 2030 deadline in its election manifesto.
Transport Secretary Heidi Alexander is now seeking views from automotive and charging experts to "restore clarity" on how to deliver the ban.
Car industry leaders have warned drivers were not switching to electric vehicles at the rate needed to meet the deadline due to the cost of buying the cars privately and charging point infrastructure.
Last month, Ford said the UK government's mandate to produce and sell more electric vehicles (EVs) "just doesn't work" without demand.
If this is the same person being talked about then this is what /they apparently posted and copied on telegram
As you probably can guess I am HNWI specializing in Oil and Gas and have a record going back over 20 years. I hold a Ph.D. and MBA from top schools in business-related disciplines. I am not about to reveal who I am, but needless to say, this is not my first rodeo either.
Management is welcome to set their position out in RNS form, but have not done so. There is no strategy. Saying give the MD a call is not how investor relations on a listed business should work. It's laughable. It's amateurish.
I doubt very much whether "we" are all going to zero. They have been audited recently and have got "going concern" status for at least the next year. They need a change of strategy when this fails and that means new management. Sadly it means breaking up the assets as a worst case and then returning value to shareholders.