UK plans to ban all ICE (Internal Combustion Engine) cars in 2035, YES! All Of Them!.
British prime minister Boris Johnson announced that a ban in the UK on selling diesel and petrol cars would be brought forward from 2040 to 2035 at a launch event for the November UN climate summit (COP26) in Glasgow. The new ban now includes hybrid and plug-in vehicles.
This news broke out last week Wednesday and caught the attention of Tesla CEO Elon Musk.
Residual values for gas/diesel cars will plummet in coming years.
After the UK ICE ban news broke last week, a fan of Elon Musk went ahead and shared is opinion about the news:
“UK to ban all ICE cars from 2035! Many others will follow. #Tesla have proven 100% that EV cars are globally viable & superior. Who in their right mind would buy an ICE after 2025 knowing its residual value will be zilch? Legacy auto: go EV or go BUST!” – sam
This tweet caught the attention of Elon Musk who responded with:
Elon Musk is known to have adviced potential customers to buy Tesla cars because he believes Tesla vehicles are appreciating assets.