Analysis: Weaker EV Targets Could Cost UK Consumers £3 Billion a Year by 2030

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A UK government consultation on weakening electric vehicle targets could cost consumers up to £3 billion annually by 2030. The analysis indicates increased oil imports by 17 million barrels and higher net imports due to less aggressive EV adoption.

An upcoming UK government consultation on weakening targets for electric vehicles (EVs) could cost consumers as much as £3bn a year by 2030, according to Carbon Brief analysis. It could require the UK to import an extra 17m barrels of oil in 2030, raising expected net imports by 8%, as ... [continued] The post Analysis: Weaker EV Targets Could Cost UK Consumers £3 Billion a Year by 2030 appeared first on CleanTechnica.