Ford Says UK Petrol-Car Ban Delay Could Risk EV Transition: Report
Portfolio Pulse from Shivani Kumaresan
Ford Motor Co (NYSE:F) has warned that the UK government's potential delay of the petrol and diesel car sales ban could hinder the transition to electric vehicles. The UK Prime Minister is considering a five-year delay to the planned ban, originally set for 2030, as part of a rollback of green-energy policies. Ford's UK Managing Director, Lisa Brankin, stated that the company needs ambition, commitment, and consistency from the UK government. Ford plans to sell only fully electric passenger vehicles in Europe by the end of the decade.
September 20, 2023 | 1:23 pm
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Ford's transition to electric vehicles in the UK could be impacted by the potential delay of the petrol and diesel car sales ban. This could affect Ford's plans to sell only electric passenger vehicles in Europe by 2030.
The potential delay of the petrol and diesel car sales ban in the UK could hinder Ford's transition to electric vehicles. This could affect the company's stock price as it could disrupt their plans and increase costs.
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