November 14, 2020

UK set to ban sale of new petrol and diesel cars from 2030

The sale of new petrol and diesel cars will be banned within a decade, Boris Johnson is set to announce next week as part of a broader package of green initiatives.

In February, Mr Johnson announced that the existing ban on selling new petrol or diesel cars would be brought forward from 2040 to 2035.

Now the prime minister is expected to move the date forward to 2030 in an attempt to jump-start the market for electric cars in the UK and push Britain towards its climate goal, according to industry and Whitehall figures.

However, the government is expected to keep the less stringent date of 2035 for the phase-out of the sale of hybrid cars that plug in to charge.

While electric car sales are rising strongly, they are still below 7 per cent of all new vehicles bought across the UK last month, according to figures from the Society of Motor Manufacturers and Traders.

The car industry has long argued that significant funding for infrastructure is required to help convince the majority of motorists to switch to the new technology, which is currently more expensive than traditional petrol or diesel models.

Some £500m of government funding towards charging

Walmart resumes metering customers in its stores

Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} increase in U.S. online sales for the quarter that ended April 30, and a 10{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} increase in same store sales for the same period as the effects of the coronavirus helped to boost sales.

Scott Olson | Getty Images

Walmart beginning Saturday is resuming monitoring and counting the number of customers entering its stores, to make sure it doesn’t exceed capacity limits, as coronavirus cases surge at record rates across the country.

Dating back to April, Walmart has been restricting the number of people in its big-box stores to not exceed five customers per every roughly 1,000 square feet, or about 20{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} of a store’s capacity. Those levels can also vary based on local mandates, the company said.

For a period of time, however, the biggest retailer in the United States had stopped physically counting people as they came inside and left.

“We know from months of metering data in our stores that the vast majority of the time our stores didn’t reach our self-imposed 20{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} metering capacity,” a Walmart spokesman told CNBC in an emailed statement. “Out of an abundance of caution,

Banking Information, Insurance coverage News, RBI Information, Money Market Information, NBFCs

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Bank Of England Says Working With Companions To Offset Coronavirus Influence

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