Decoding Net Zero Policies: Impact on the Car Market by a UK Automotive Retailer

One of the UK's major car dealerships, Vertu, has cautioned that postponing the ban on the sale of new diesel and petrol cars will hinder the recovery of the new car market in the coming years. Robert Forrester, the CEO of Vertu, expressed concern about the potential negative impact of "confusing" net zero policies on the demand for cars. Recently, Prime Minister Rishi Sunak extended the ban's deadline to 2035 from the original 2030, aligning the UK with other countries like France, Germany and canada.