The United Kingdom is the latest European country that participates in massive efforts to curb fossil fuels. The main strategy is to eliminate one of the primary sources of such damaging gasses for good. Therefore, the country will ban fossil-fuel cars starting with the year of 2040. Automakers are already ahead of this situation by focusing only on electric car production. However, other companies might be left behind.
France and the U.K. Are the First Countries to Become Determined to Ban Fossil-Fuel Cars
Two weeks ago, France was declaring war on agents of air pollution by turning into a carbon-neutral land. As of recently, U.K. joined this initiative as well. London announced that it would no longer authorize sales of fossil-fuel vehicles by 2040.
As a consequence, the auto industry was placed in a difficult position. The only way companies can remain in business is to focus on electric versions. Considering what a great challenge that is, there are great chances that many organizations would remain behind.
However, the government gives the automotive sector 23 years at its disposal to adapt to the upcoming market conditions. Any earlier adjustment might put a labor pool of 800,000 jobs in jeopardy.
On the other hand, many businesses will use this window to draw and implement an efficient system of exports for fossil-fuel cars. For instance, the maker of Mercedes-Benz cars, Daimler AG, is considering shoring up big sedans and sport utility vehicles.
Volvo and BMW Are Already Ahead of Time with Their Own Plans for Electric Vehicles
Nonetheless, there are many other companies that are keen to adopt the trends of the future. The Swedish brand Volvo declared that it intends to turn its entire production electric by 2019. Moreover, BMW AG has recently put its London plant in charge of manufacturing the electric version of its Mini Cooper.
The U.K. took this decision in an effort to comply with stern emission rules. Even though the country is planning its exit from the European Union, U.K. is still not exempt from adhering to an astringent set of environmental goals.
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