Finance Monthly - October 2021

47 Finance Monthly. Bus i ne s s & Economy The UK Government has announced official plans to ban the sale of new petrol and diesel cars by 2030. From then on, new hybrids or electric cars will be the only types of vehicles allowed to be manufactured – and after 2035, only pure electric vehicles can be sold. This legislation was introduced to support the reduction of fossil fuel consumption and the transition to a net-zero society. Billions of pounds are being invested in electric vehicle charge points across England as well as for grants to help people afford to install charge points on their private property. Is Boris’ Ban of Petrol Diesel and Vehicles Going to Crush the Transport Industry? Van Ninja https://vanninja.co.uk /