The UK’s Zero Emissions Vehicle (ZEV) Mandate is here! 22% of all car sales in 2024 must be electric, rising sharply to 80% by 2030. On paper, it’s a bold push for a greener future. In reality, the car industry is sounding alarms, and for good reason.
Private buyers aren’t warming to EVs like company fleets are. Businesses enjoy tax perks, low running costs, and toasty warm cars on frosty mornings, but private buyers are sticking to petrol and diesel. The result is that car manufacturers are rationing their petrol and diesel models to avoid hefty penalties—a staggering £15,000 fine per car if they miss their EV targets!!
And the impact is rippling across the industry. Just this week, Stellantis announced the closure of Vauxhall’s Luton van plant. Stellantis, born from mega-mergers like Fiat Chrysler and PSA, is one of many scrambling for survival in a rapidly shifting landscape. This isn’t the behavior of a thriving industry, it’s a scramble to adapt.
Jaguar’s recent decision to stop selling cars entirely until 2026 is another head-scratcher. Have you ever heard of a company willingly shutting up shop for three years? The whole sector is calling for a rethink.
The transport minister claims they’re “listening,” but with job losses mounting, ignoring the chorus seems foolish.
In the meantime, classic cars remain blissfully untouched by these changes. So, while the modern car world figures itself out, you can continue enjoying our classics. Our collection spans 7 decades, do get in touch we’re here to keep the joy of driving alive!
