But the savings might not last much longer if sales don’t grow
BRITS are being encouraged to buy electric cars as manufacturers slash prices with record discounts.
Carmakers are scrambling to up their zero-emission sales to comply with increasingly tightening Net Zero laws.
The new Government has confirmed it will reinstate the ban on sales of new petrol and diesel cars to 2030 after former PM Rishi Sunak delayed it to 2025.
Plenty of firms have already self-imposed earlier deadlines to make the all-electric transition in an attempt to stay ahead of the curve.
Indeed, Jaguar won’t sell a new car in the UK for a whole year as bosses prepare to phase out petrol power altogether in 2026.
But every brand is still subject to the Zero Emission Vehicle (ZEV) Mandate.
The legally-binding regulations force manufacturers to ensure that a certain portion of their sales are electric vehicles, with the percentage increasing each year up to the total ban.
This year’s requirement is 22%, with firms fined up to £1,500 per car they produce over the limit.
Already, bosses at Ford have said they will have to make fewer petrol models to balance their stats.
However, others are trying to get the EVs flying out the doors by slapping them with heavy discounts.
Read more: TheSun
