UK to Ban Sales of New Gasoline and Diesel Cars by 2030.
The U.K. initially planned to ban the sale of new cars that run on only gasoline or diesel by 2035.
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On Wednesday, the U.K. government announced plans to move up the timeline.
Now, the sale of fossil fuel-powered cars will end five years earlier in 2030.
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The sale of new hybrid vehicles, which run on both fossil fuels and electricity, will still be allowed to continue until 2035.
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To accelerate the sales of cleaner vehicles in the U.K., the government plans to spend $1.7 billion on charging points for electric vehicles.
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$664 million will go towards the development and production of batteries for electric cars.
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$773 million in subsidies will make ultra-low and zero emission vehicles more affordable to purchase.
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The ban and subsequent funding is a part of a broader “green industrial revolution” announced by Prime Minister Boris Johnson.
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The blueprint includes $16 billion in government investments.
The U.K. government is hopeful that the private sector will contribute more than $48 billion.
The United Kingdom is looking to the future and seizing the opportunity to build back greener … The recovery of our planet and of our economies can and must go hand-in-hand, Boris Johnson, via CNN
