"Ford is prepared to restrict the sale of petrol models in the UK in order to hit the country’s stretching EV targets, a move that is likely to push up prices for consumers, its European boss has warned.
Martin Sander also pushed back plans to sell only electric cars in Europe by 2030, saying the old target was now “irrelevant” because sales were “below expectations”.
He told a Financial Times summit that weak sales meant the company’s only option to avoid crippling fines under the UK’s new EV quota rules was to divert sales to other countries.
“We can’t push EVs into the market against demand. We’re not going to pay penalties. We are not going to sell EVs at huge losses just to buy compliance. The only alternative is to take our shipments of [engine] vehicles to the UK down and sell these vehicles somewhere else,” he told the FT’s Future of the Car Summit in London.
He added: “I don’t know if consumers in the UK would like seeing [engine vehicle] prices going up.”
FT.com
Martin Sander also pushed back plans to sell only electric cars in Europe by 2030, saying the old target was now “irrelevant” because sales were “below expectations”.
He told a Financial Times summit that weak sales meant the company’s only option to avoid crippling fines under the UK’s new EV quota rules was to divert sales to other countries.
“We can’t push EVs into the market against demand. We’re not going to pay penalties. We are not going to sell EVs at huge losses just to buy compliance. The only alternative is to take our shipments of [engine] vehicles to the UK down and sell these vehicles somewhere else,” he told the FT’s Future of the Car Summit in London.
He added: “I don’t know if consumers in the UK would like seeing [engine vehicle] prices going up.”
FT.com