Concerns are mounting over the future of electric vehicles (EVs) as key figures, including billionaire Sir Jim Ratcliffe, founder of chemicals giant INEOS, criticize the rapid transition away from petrol cars. Ratcliffe described the notion of a quick shift as 'barmy' and highlighted a significant drop in demand for EVs. He, along with other industry voices, is calling for a relaxation of net zero laws, particularly criticizing the 2035 ban on petrol and diesel cars. Additionally, there are fears that classic cars may be adversely affected and that the ambitious net zero goals may not be met without further incentives for electric car adoption.
EV car CEO says demand for EVs has "dried up" and calls plans to phase out gas-powered cars by 2035 "barmy." https://t.co/QEyU9AwBI1 https://t.co/03B0t7ul6K
🚗 Billionaire calls for relaxing of net zero laws as demand for electric cars ‘dries up’ https://t.co/9fJE2FxJl9
Demand for electric cars has dried up and it’s time for a rethink, says billionaire founder of chemicals giant INEOS, Sir Jim Ratcliffe. "The notion of a quick transition away from petrol was always barmy." https://t.co/3aSv2drj1q
Sir Jim Ratcliffe makes feelings clear on 2035 petrol and diesel car ban as demand for EVs 'dries up' https://t.co/YUP4MexrlI
🚗 Classic cars of the future risk being killed off by net zero https://t.co/eRmJhLcijG
Electric car rollout could fail without incentives amid fears brands will miss lofty net zero goals https://t.co/0aRrODaDlQ