UK companies to invest £12bn in switch to electric vehicles

British companies are expected to spend more than £12bn switching their fossil fuel vehicles for clean electric versions over the next two years.

A survey found that nearly half of UK businesses are planning to invest in chargeable cars and vans in advance of the government’s ban on sales of new internal combustion engine vehicles by 2035.

The Treasury is expected to accelerate the trend in this week’s budget by signalling an end to a decade of freezes on fuel duty for millions of drivers, as part of plans to meet tougher climate laws.

Sales of electric vehicles are climbing quickly but official figures show that they still accounted for only 2% of new car registrations last year.

The uptake of low-emissions driving is a key pillar of the government’s plans for cutting carbon emissions to virtually zero by 2050 to end the UK’s contribution to the climate crisis.

Cars make up slightly less than a fifth of the UK’s total carbon footprint, a proportion that has risen in recent years in part thanks to the popularity of energy-hungry SUVs.

Read More At The Guardian

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