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Sunak U-turn Puts EV Investors in “Jeopardy”

Delay of fossil fuel car phaseout to 2035 does not create “any substantial benefits” for consumers or UK automotive industry, experts say.  

Investors have expressed concern about the “lack of certainty” created by UK Prime Minister Rishi Sunak’s postponement of the petrol and diesel car phaseout, as well as the knock-on effects it could have on electric vehicle (EV) production and the country’s net zero transition.   Last week, Sunak confirmed that…

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