Summary
The Iran crisis has reignited debate about energy security, but one critical lever is being overlooked: reducing oil dependence through electrifying transport. Every new electric vehicle on the road cuts Britain’s exposure to the oil price shocks that are hitting household incomes hard.
The UK’s zero emission vehicle mandate is already working, and is on track to almost halve the country’s reliance on petrol and diesel imports by 2040. This briefing examines what is at stake if that ambition is weakened, and why the government must hold firm.
Authors
Nicholas Davies, Johann Beckford
For more information, contact:
Johann Beckford, senior policy adviser