blog24th November 2023

The Impact of the Net Zero Deadline Pushback


In the UK over a third of our CO2 emissions come from transport, and the majority of this is produced by ICE vehicles (Internal Combustion Engine Vehicles) which are run on petrol and diesel. Moving towards electric vehicles is a crucial part of helping to reduce the carbon footprint and reducing our reliance on big oil.  

The original 2030 phase-out deadline had been spurring significant investment appetite and impetus across a range of sectors. Positive steps had been taken to electrify vehicles for individuals, commercial van fleets and public transport, despite the historic lack of critical planning from the government. This sudden shift in policy threatens to undermine these efforts, as companies now face disruptions in their planning, structures, and workforce development. To help those responsible for delivering a business level navigate this, I urge the government to reinstate EV support schemes to counter any short-term inertia in customer adoption.  

The pushback also has potential implications for the government’s legally-binding greenhouse gas emission reduction targets for 2050. These targets aren’t just numbers on paper; they are critical commitments to mitigating environmental damage and combating climate change. In short, we can’t afford to fail. 

That’s why I think it’s important for companies to continue working in their efforts towards moving away from ICE vehicles towards electric alternatives. The commitment of industry leaders, collaborating with partners such as us and other stakeholders is vital in maintaining the current pace of the EV rollout, and ensuring every business that relies on road transport to some degree or another continues to make progress towards their net zero commitments.  

Without this holding to the spirit of this shared commitment and maintaining our ambition, we will not grasp the potential for realising benefits and progress will slow. While some might see opportunity for short term benefits, this will ultimately cause more financial pain in the future. 

At EO, we recognise the value of a clear, fixed commitment which drives confidence, investment, innovation and progress within our sector. With global warming showing no signs of slowing down, we are hopeful that the government reflects and maintains the 2030 deadline in its place. 

Despite this change in policy, we will continue to work with our industry and financial partners to ensure that the EV roll out continues at pace, helping us on the journey towards a more sustainable future. I call upon stakeholders, including government bodies, industry players and advocates to join us in a collaborative effort to not only meet that original deadline, but also ensure we safeguard our planet for future generations. 

If you are looking to go electric and don’t know where to start, get in touch below.  

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