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Uk Ev Policy

All articles tagged with #uk ev policy

policy-and-environment2 months ago•8 min saved

UK Launches Consultation to Cut EV Targets Amid Wildfire Crisis and Oil Shock

The UK government has launched a consultation to potentially reduce its electric vehicle (EV) sales target from 80% to as low as 50% by 2030. This move follows pressure from the automotive industry and coincides with record-breaking wildfires and heatwaves. While petrol prices have spiked due to the Iran conflict, making EVs more economically attractive, Prime Minister Andy Burnham is also considering new North Sea oil drilling, a decision criticized by environmental groups as contradictory to climate goals.

via Electrek|

#andy-burnham #climate-change #north-sea-drilling

economy2 months ago•8 min saved

US 30-Year Bond Yield Hits 5.216%, Highest Since 2001, Amid Fiscal and Inflation Fears

The US government sold $25 billion in 30-year Treasury bonds at a 5.216% yield, the highest since 2001, signaling investor concern over persistent inflation and rising national debt. Simultaneously, the UK government launched a consultation to potentially cut its 2030 electric vehicle sales target from 80% to as low as 50%, drawing sharp criticism from climate and industry groups. US consumer confidence fell to a three-month low, with Republican voters showing the steepest decline, while retail spending dropped 0.6% in July.

via The Guardian|

#bond-yields #consumer-confidence #economy