British PM Boris Johnson has confirmed that sales of new petrol and diesel cars will be phased out by 2030 – as part of his 10-point plan for a ‘green industrial revolution’. Although the British government had originally planned to ban the sales of new petrol and diesel cars from 2040, the new date has been put forward by the PM himself under his new plan.

In a column published in the Financial Times, Johnson wrote that the government will “mobilise £12bn of government investment, and potentially three times as much from the private sector, to create and support up to 250,000 green jobs.” He further says, “The government will invest more than £2.8bn in electric vehicles, lacing the land with charging points and creating long-lasting batteries in UK gigafactories. This will allow us to end the sale of new petrol and diesel cars and vans in 2030. However, we will allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tailpipe until 2035.”

The announcement comes hours after a new alliance was announced between Tesla, Lucid, Rivian, and others, to create Zero Emission Transportation Association (ZETA), a push for 100% electric cars sales only by 2030, in the US.

What’s in the British PM’s 10-point plan for ‘green industrial revolution’?

Offshore wind: Produce enough offshore wind to power every home by 2030, supporting up to 60,000 jobs.

Hydrogen: Investing up to £500m in ” low carbon” hydrogen production capacity by 2030 – for industry, transport, power, and homes.

Nuclear: Pushing large scale nuclear plants and developing small and advanced nuclear reactors, which could support 10,000 jobs.

Electric Vehicles: Investing more than £2.8bn in electric vehicles and creating national infrastructures to support the technology.

Public transport, cycling and walking: Pushing for cleaner public transport, including thousands of green buses and hundreds of miles of new cycle lanes.

Jet zero and greener maritime: Supporting research projects for zero-emission planes and ships.

Homes and public buildings: Investing £1bn next year to make homes, schools and hospitals greener, and energy bills lower, including a target to install 600,000 heat pumps every year by 2028.

Carbon capture: Becoming a new world leader in carbon capture and storage, with a target to remove 10 million tonnes of carbon dioxide by 2030.

Nature: Planting 30,000 hectares of trees a year by 2025.

Innovation and finance: Developing low-carbon technologies and making the City of London the global centre for green finance.

Cover Image: Business-live.co.uk