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Bloomberg
Toyota may stop manufacturing in the UK because of a government policy that mandates a rapid switch to fully electric vehicles, the Times of London reported.
The company told Transport Secretary Grant Shapps about its concerns for the plan’s transition phase, which bans new gasoline and diesel cars from 2030.
While hybrid vehicles will be allowed until 2035, requirements could include a minimum electric range rather than Toyota’s self-charging hybrids, according to the report.
The UK’s Zero Emission Vehicle mandate imposes targets requiring a rising percentage of automakers’ new sales to be zero emission models from 2024, according to the report. Those that do not hit the target will have to pay a penalty or buy credits from competitors who surpass the threshold.