2030 ban on polluting cars to make £4.2bn economy boost : Shifting the ban on new petrol, diesel and hybrid cars & vans forward to 2030 may create a £4.2 billion supercharge for the UK economy.
This according to a recent Cambridge Econometrics report, that believes a swift action on the limit of polluting cars could make almost 32,000 new jobs at the same time.
The study published by Greenpeace UK also predicts increases in employment & higher levels of economic movement from a 2030 conversion to electric vehicles would offer the government a £1.9 billion net growth in revenue that same year.
Jon Stenning, Associate Director at Cambridge Econometrics, states: “Our analysis clearly shows that a more rapid phaseout of internal combustion engines and the accompanying shift away from demand for imported fossil fuels, can create jobs and economic activity across the economy, while at the same time helping the UK to achieve its emission reduction targets.”
In February, the government carried the ban on selling new petrol, diesel or hybrid cars & vans forward to 2035 originally set from the date of 2040.
2030 ban on polluting cars to make £4.2bn economy boost