The Chancellor has pledged “proper support” for the car industry as the Government phases out new petrol and diesel vehicle sales by 2030. Rachel Reeves confirmed a consultation is underway to review inherited plans, including potential fines for firms not meeting electric vehicle sales targets. She emphasised the need to balance the transition with maintaining investment and jobs in Britain, ensuring the automotive sector thrives during the shift to electric vehicles. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00We're committed to the 2030 target for phasing out the purchase of new petrol and diesel cars,
00:07but it is really important within that to make sure that we get the balance right
00:11and a proper support for the automotive sector, for the car industry in Britain.
00:17We've just launched a consultation to look at the plans that we inherited from the previous
00:22government which would have meant fines for businesses that didn't sell a proportion of
00:27electric vehicles because we want to keep investment, we want to keep jobs in Britain
00:32and that's why we're launching this consultation. We're looking at the fines that we would inherit
00:37from the previous government that would be applied to businesses including car manufacturers here in
00:43Britain for not selling a high enough proportion of electric vehicles. We want to get that balance
00:48right, we want people to buy electric vehicles, but we want to keep jobs, we want to keep
00:52investment in Britain and we're determined through the consultation to do just that.