The 32 car manufacturers eligible for inclusion in the Government’s proposed Zero Emissions Vehicle (ZEV) mandate will collectively be 44,000 credits short of meeting their regulatory requirements unless they improve performance.

The figures, from New AutoMotive, show that if current performance over the last twelve months were to be continued, then they would have to either borrow or buy out of their regulatory obligations, raising around £660m in buy-out revenues.

Ben Nelmes, chief executive at New AutoMotive, said: "Ministers' plans for a California-style Zero Emissions Vehicle mandate are essential to boosting the supply of electric cars as well as boosting charge point installations, but they must come into force in January 2024 so consumers can benefit. Petrol registrations are falling significantly, while diesel registrations are now a niche part of the market, as consumers are abandoning polluting vehicles faster than the government is planning to phase them out."

The latest UK electric car sales data shows EV car sales rose by 40 per cent year-on-year in June, driven by running cost advantages and competitive leasing deals whilst electric van sales dropped by 11 per cent, but steady growth is expected throughout the year thanks to the planned Zero Emissions Vehicle (ZEV) mandate.

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