VEV is a fleet electrification business that is backed by the world’s largest energy trading company, Vitol. VEV’s CEO Mike Nakrani said:
“The decision to row back from the now three-years-old commitment to the 2030 timeline is the opposite of what the auto industry needs to play its part in the race to net zero. It is confusing an already confused situation, where the facts have been lost to politics and spin.
At VEV we believe the existing 2030 and 2035 targets were sensible and provided a phased approach to reaching net zero. Hybrid vehicles would still be sold post-2030 in any event, which makes this latest policy u-turn even more illogical and only adds further confusion.
Manufacturers, fleet operators and all those in supporting roles across infrastructure and related services have gathered at the starting line to make this journey to net zero. What we need is certainty and support from Government to accelerate the race, not political prevarication.
To push the UK net zero journey plan a further five years down the track will only giving rise to inaction and procrastination. This is not conducive to building a better Britain or environment.”
