PRESS RELEASE
By: InvestorBrandNetwork (IBN)
April 10, 2025
UK to Hit the Brakes on its EV Mandate After Trump Announced Tariffs
The United Kingdom is expected to relax its electric vehicle rules following a recent wave of U.S. tariffs. With President Donald Trump imposing tariffs on nearly all U.S. trade partners via executive order, the UK government has announced it will ease the country’s EV sales targets to avoid placing undue pressure on its auto industry.
While the decision to ease EV mandates in the UK could be seen as a setback for the movement to switch to electric vehicles, EV ecosystem actors like SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) are likely to view it as a…
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