Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Carmakers ‘delaying investment in UK factories until EV...
Business & Finance

Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’

The Guardian World Thursday 30 July 2026, 04:00 UTC By Jasper Jolly 1 min read
Key Points

Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be easedCarmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry’s lobby group. The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, said those with existing UK operations were considering building new models, but had held back so far.

Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be eased

Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry’s lobby group.

The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, said those with existing UK operations were considering building new models, but had held back so far.

Continue reading...
Carmakers (ORG) UK (LOCATION) EV (ORG) British (ORG) the Society of Motor Manufacturers (ORG) SMMT (ORG) Mike Hawes (PERSON)
Originally published by The Guardian World Read original →

Related Stories

Here’s why Europe’s hot summers are becoming an expensive challenge

Europe's increasingly extreme summers are becoming an economic problem, with more frequent heatwaves driving up costs, disrupting businesses and weighing on growth. Huge wildfires have been raging in France and Spain, burning 300,000 acres and forcing the evacuation of 300,000 people. The scenes echo last year's Los Angeles wildfires, when blazes overwhelmed firefighting resources, triggered mass evacuations and destroyed thousands of homes.

CNBC 6m ago

South Korea export growth seen easing but chip boom to hold

South Korea export growth seen easing but chip boom to hold SEOUL, July 30 : South Korean exports likely extended robust growth in July, with the pace weakening from a near-half-century high but posting the second-strongest gains in the current winning streak led by surging AI chip demand, a Reuters poll showed on Thursday. Exports from Asia's fourth-largest economy, a bellwether for global trade, were forecast to rise 59.0 per cent in value in July from a year earlier, according to the...

Channel News Asia 10m ago

Chinese Chip Stocks Plunge as Investors Rotate Away From Tech

Chinese Chip Stocks Plunge as Investors Rotate Away From Tech Chinese tech stocks plunged on Thursday, led by high-flying semiconductor names, as concerns over stretched valuations and crowded positioning intensified a rotation out of one of this year’s best-performing sectors. The STAR 50 Index tumbled more than 6% to its lowest since April 30. Shares of Yuanjie Semiconductor Technology Co. and Hua Hong Grace Semiconductor Ltd. slumped at least 14% each.

Bloomberg Markets 32m ago

Zhongji Innolight Stumbles in Hong Kong Debut | The China Show | 7/30/2026

Jul 30th, 2026 Zhongji Innolight Stumbles in Hong Kong Debut | The China Show | 7/30/2026 “Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Bloomberg Markets 49m ago