'The government is right': Shadow minister agrees electrical vehicle mandate needs looking at

Business Secretary Jonathan Reynolds will give a statement in the House of Commons following the parent company Vauxhall announcing it will close its 120-year-old Luton plant in April, blaming the electric vehicle mandate. Shadow chancellor Mel Stride told Sky News the "government is right - we need to strike a balance between our net zero targets and penalties". Financial penalties are currently levied against manufacturers if zero-emission vehicles make up less than 22% of all sales. This will rise to 80% of all sales by 2030 and 100% by 2035. Read more: https://news.sky.com/story/politics-latest-labour-government-assisted-dying-budget-keir-starmer-rachel-reeves-conservative-tories-kemi-badenoch-12593360 #electricvehicle #politics #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales