New legislation being implemented in 2024 will require car manufacturers to meet targets for new electric car sales, which could result in big discounts being available…
In September 2023, the UK Government announced that the ban on the sale of new petrol and diesel cars would be pushed back from 2030 to 2035.
However, at the same time, it confirmed that the Zero-Emission Vehicle (ZEV) Mandate that was previously only a proposal would be implemented from 2024. And this could mean that the transition to electric cars still happens quite quickly.
Here’s everything you need to know about the mandate – and how it could potentially save you a lot of money on an electric vehicle (EV).
What is the ZEV mandate?
The ZEV Mandate is a legal requirement for car manufacturers to meet targets for new EV sales in the UK.
This means that in 2024, 22% of cars sold by each manufacturer must be fully electric. This will then rise to 28% in 2025, 33% in 2026, 38% in 2027, 52% in 2028, 66% in 2029 and 80% in 2030.
The Government is still finalising the targets between 2030 and 2035. However, it’s rumoured that the mandate will rise to 84% in 2031, 88% in 2032, 92% in 2033, 96% in 2034 and 100% in 2035.
If car makers exceed their EV annual sales targets, they can bank allowances for use in future years or trade them with other firms that have fallen short. In 2024, manufacturers can borrow up to 75% of their annual target.
Read more: WhatCar