Petrol and Diesel Vehicle Ban Delayed Till 2035

by | Sep 22, 2023 | News

In a world where the transition to electric vehicles (EVs) is no longer a question of “if” but “when,” the United Kingdom has found itself at a pivotal crossroads. The ambitious plan to ban the sale of new internal combustion engine (ICE) cars and vans by 2030, initially seen as a beacon of sustainability, has taken an unexpected turn. Prime Minister Rishi Sunak, has announced a five-year delay, pushing the deadline to 2035. But the deadline to be net zero by 2050 has not changed.

 

Impact to the general public

The biggest reason the 2030 deadline has changed is due to the impact this plan was having on the general public, with the current cost of living crisis having no end in sight, and interest rates rising higher and higher by the week. It is extremely unattainable for the public to purchase an PEV (Plug-in Electric Vehicles) or HEV (Hybrid Electric vehicle) as their next vehicle. Especially with their generally higher cost compared to traditional vehicles, due to their newer technology as well as the lower amount of variety for budget options. This delay while useful to some can cause issues with others including:

 

Limited Access to Charging: Delays in expanding the EV charging infrastructure can result in limited access to charging stations for the general public. Limited access can also discourage potential EV buyers and hinder the adoption of cleaner transportation options.

 

Higher Fuel Costs: With the pressure of getting an EV being reduced substantially there will be a lot more strain on fossil fuels for traditional vehicles having to last for much longer. Increasing the price.

 

Environmental Impact: The longer it takes to implement EV into the everyday, the more greenhouse gas emissions are generated by petrol and diesel vehicles. Delayed adoption of EVs due to charging concerns can slow down the reduction of air pollution and carbon emissions, impacting public health and the environment.

 

Public Perception and Confidence:

Delays in addressing these issues can erode public confidence in the transition to electric vehicles and clean energy. It may lead to skepticism about the government’s commitment to sustainability goals and the ability of the private sector to successfully reach these goals on the timeline initial launched.

 

Impact to the EV Charging Industry

This choice of delaying the ban of traditional vehicles not only affects the general public but also affect the EV charging infrastructure. Below are a few of the ways this industry may be affected in the coming months and years:

 

Slower Market Growth: Delays in addressing grid and infrastructure challenges can slow down the growth of the EV charging industry as a whole. This is especially true for businesses that are focused on providing charging solutions. As the adoption of electric vehicles is directly tied to the availability of reliable charging infrastructure, any slowdown can affect the success of these businesses.

 

Uncertainty and Investment Hesitation: Prolonged delays create uncertainty in the EV charging market. Investors and businesses may hesitate to commit resources to the industry if they perceive it as unstable or lacking in long-term viability. This can hinder innovation, limit competition, and impede the development of new charging technologies.

 

Competitive Disadvantage: Companies operating in the EV charging sector, may face a competitive disadvantage if delays persist. Businesses that have invested heavily in charging infrastructure and overcome grid challenges early on will have an advantage in terms of market share and brand recognition.

 

Innovation Stagnation: Extended delays may stifle innovation within the EV charging industry. Without a clear and stable market environment, businesses may be hesitant to invest in research and development, leading to slower advancements in charging technology and user experience overall.

 

Partnership and Collaboration Challenges: Collaborations and partnerships within the industry may be hampered by delays. Companies that plan joint ventures or projects may need to reassess their strategies in light of evolving grid and infrastructure challenges.

 

Impact to the Car makers

The final major industry that will be seeing the effects of this announcement are the Car Makers. This can affect them in the following ways:

 

Consumer Demand Shift: As the pressure moves away from EV consumers, it will become less convinced electric vehicles. These delays in the timeline in transitioning may result in missed opportunities to capture a larger share of the EV market. – not sure what this is talking about?

 

Product Line Transformation: Traditional car manufacturers have been adapting their product lines to include more electric and hybrid vehicles. This shift impacts their manufacturing processes, supply chains, and overall business strategies. With this delay the car makers will be scrambling on their newest launces to try keep up with the newest news.

 

Charging Infrastructure Partnerships: Car makers are increasingly forming partnerships with charging infrastructure providers, to ensure that their customers have access to reliable charging solutions. These partnerships can enhance the overall EV ownership experience and build brand loyalty, but with these lower number of EVs that will be purchased there will be a decline in these partnerships over the next few years.

 

Supply Chain Disruption: Car manufacturers rely on complex global supply chains to source components for their vehicles. Delays in transitioning to EVs can disrupt these supply chains, especially as the demand for EV-specific components like batteries and electric drivetrains increases.

 

Loss of Competitive Edge: Companies that have been working on EV innovation may lose their competitive edge on other companies as the need of electric vehicles is decreased. New entrants and automakers who haven’t made significant strides in EV technology may then capture people these businesses have been working toward.

 

Impact on Innovation: Delaying the transition to EVs can hinder innovation within car manufacturing. Companies may postpone investments in research and development of cutting-edge electric vehicle technology, potentially falling behind in the race to develop advanced EV features.

 

Product Line Transformation: Traditional car manufacturers have been adapting their product lines to include more electric and hybrid vehicles. This shift impacts their manufacturing processes, supply chains, and overall business strategies. With this delay the car makers will be scrambling on their newest launces to try keep up with the newest news.

 

Charging Infrastructure Partnerships: Car makers are increasingly forming partnerships with charging infrastructure providers, to ensure that their customers have access to reliable charging solutions. These partnerships can enhance the overall EV ownership experience and build brand loyalty, but with a lower number of EVs being purchased, there will be a decline in these partnerships over the next few years.

 

Conclusion

While the move to delay the 2030 deadline is to support the public, it impacts many EV based industries massively. And while ensuring that the public can affordably move towards this space, other solutions like grants for vehicles, better incentives and more investment into EV could have helped fix this issue without creating a butterfly effect that hinders industries trying to push toward this more sustainable future.

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