0:00
They are not cheap. Even the models on
0:02
the slightly cheaper end of the scale
0:04
are expensive compared with say a
0:07
second-hand fossil fuel car. The people
0:09
buying EVs have the money to pay this
0:11
tax. So, what's wrong with that?
0:13
Firstly, uh the way the ZEV mandate
0:15
works is the car manufacturers will be
0:17
fined if they don't uh sell the electric
0:20
vehicles they're mandated to. So, the
0:22
government are creating sort of hostile
0:24
economic policy that will result in you
0:27
know, maybe undermining EV sales to the
0:29
point where car manufacturers would be
0:30
fined as a result of the tax policy
0:32
>> What is the worst-case scenario of those
0:35
unintended consequences? Well, I I think
0:37
from our perspective, it's the cost to
0:39
the UK economy. The potential is in 2028
0:41
alone, it could cost the UK economy up
0:44
to about 4.8 billion.
