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Banning the sale of new petrol and diesel cars in 2030 will create up to 32,000 jobs and grow the UK’s economy, a new report has suggested.
The Government has consulted on bringing the 2040 ban on the sale of new internal combustion engined cars forward to 2035 or even 2030, with an announcement of the final date due before the end of the year.
A new study published by Greenpeace UK claims a 2030 deadline would lead to the creation of 32,000 more jobs by that year, compared to if the ban were to be moved to 2035. The UK’s GDP, meanwhile, would rise by a further 0.2 per cent - equivalent to £4.2 billion - if a date of 2030 were chosen.
Employment increases and higher levels of economic activity resulting from the acceleration of the ban could also provide a £1.9 billion net increase in revenue for the Government by 2030, the study claims.
The report - written by economic analysis firm Cambridge Econometrics on behalf of Greenpeace - assesses the impact a 2030 ban would have on consumer spending, emissions, Government revenues, the car industry and the wider UK economy compared with a 2035 ban.
Although the ban could be brought forward to anywhere between 2030 and 2035, it’s understood that the former is a date that ministers have considered as it would allow the Government to more easily meet emission targets. It has been reported that the Prime Minister may announce the 2030 date for the ban as early as mid-November.
Implementing the ban in 2030 rather than 2035 would create thousands of new jobs directly linked to the faster transition to EVs, the report says. Some would be in relation to energy, battery manufacturing and a mass roll-out of charging infrastructure, but the majority would be in service industries such as retail, entertainment and leisure.
Increased economic activity is expected as a result of the lower running costs associated with EV ownership, as drivers would have more money to spare. Reduced demand for imported oil, and increased consumption of electricity generated in the UK, could also add money to national coffers.
Furthermore, the report suggests phasing out petrol and diesel cars early will allow the UK to position itself in such a way as to capture a larger share of both domestic and overseas car markets.
Doug Parr, director of UK policy at Greenpeace, said: “Now more than ever we need bold Government policies that create new jobs and economic growth, whilst driving the UK forward on climate action. Here... is one that will do just that, while making the UK a world leader in electric vehicle manufacturing. Delivered with the right policies, a 2030 phase-out really would be win-win all round.”
The analysis comes despite warnings from the UK car industry that moving the date of the ban on the sale of new petrol and diesel cars forward to 2030 would be “devastating”.
What kind of car should you buy today? We examine the petrol, diesel, electric and hybrid options here...
Continue reading...
The Government has consulted on bringing the 2040 ban on the sale of new internal combustion engined cars forward to 2035 or even 2030, with an announcement of the final date due before the end of the year.
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A new study published by Greenpeace UK claims a 2030 deadline would lead to the creation of 32,000 more jobs by that year, compared to if the ban were to be moved to 2035. The UK’s GDP, meanwhile, would rise by a further 0.2 per cent - equivalent to £4.2 billion - if a date of 2030 were chosen.
Employment increases and higher levels of economic activity resulting from the acceleration of the ban could also provide a £1.9 billion net increase in revenue for the Government by 2030, the study claims.
The report - written by economic analysis firm Cambridge Econometrics on behalf of Greenpeace - assesses the impact a 2030 ban would have on consumer spending, emissions, Government revenues, the car industry and the wider UK economy compared with a 2035 ban.
Although the ban could be brought forward to anywhere between 2030 and 2035, it’s understood that the former is a date that ministers have considered as it would allow the Government to more easily meet emission targets. It has been reported that the Prime Minister may announce the 2030 date for the ban as early as mid-November.
Implementing the ban in 2030 rather than 2035 would create thousands of new jobs directly linked to the faster transition to EVs, the report says. Some would be in relation to energy, battery manufacturing and a mass roll-out of charging infrastructure, but the majority would be in service industries such as retail, entertainment and leisure.
Increased economic activity is expected as a result of the lower running costs associated with EV ownership, as drivers would have more money to spare. Reduced demand for imported oil, and increased consumption of electricity generated in the UK, could also add money to national coffers.
Furthermore, the report suggests phasing out petrol and diesel cars early will allow the UK to position itself in such a way as to capture a larger share of both domestic and overseas car markets.
Doug Parr, director of UK policy at Greenpeace, said: “Now more than ever we need bold Government policies that create new jobs and economic growth, whilst driving the UK forward on climate action. Here... is one that will do just that, while making the UK a world leader in electric vehicle manufacturing. Delivered with the right policies, a 2030 phase-out really would be win-win all round.”
The analysis comes despite warnings from the UK car industry that moving the date of the ban on the sale of new petrol and diesel cars forward to 2030 would be “devastating”.
What kind of car should you buy today? We examine the petrol, diesel, electric and hybrid options here...
Continue reading...