Drivers warned of petrol car shortages as net zero to ‘choke off’ supply in UK

[Sprintey]

Not sure if worthy of it's own thread, but

https://www.telegraph.co.uk/business...c-car-targets/

So it seems in the UK:

As a result of legislation, automakers must make 22% of their sales EVs by this year, rising to 80% in 2030.

There is strong demand from government for them, but

The private market isn't enthusiastic.

Despite some carbon credit shuffling, automakers can cop 15,000 pounds per car for breaching the rules

So they instead restrict supply of petrol and diesel cars, so they don't cop the fines

This produces a situation where petrol cars are in short supply with long wait times.



"Robert Forrester, the company’s chief executive, said: “The issue you’ve got is fleet demand for battery electric vehicles is very strong due to tax incentives, but retail demand [among private consumers] is weak.

“So if you can’t grow the battery electric vehicles to hit the percentage, the logical thing to do is to reduce the petrol and diesel supply.

“If you choke off petrol and diesel supply, then clearly I think prices probably will go up and actually used car prices definitely will go up.

“But also, I’m at a dealership in North Shields in North Tyneside right now, and we could get to the situation where somebody walks through the door wanting to buy a petrol car and we might not be able to supply one.”


Will we see anything like this here? Or is the NVES designed more intelligently than the UK policy?

Will petrol cars become even more unobtainium and ridiculously valued in the next 5 years, even moreso than new cars in corona?