Auto Industry Shock! UK Rethinks EV Targets Amid Output Slump Government rethinks zero-emission mandate amid industry pressure.

UK reviews EV sales targets as car production hits lowest level since 1952

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Tesla almost halves UK monthly lease fee as sales slump, The Times reports (Reuters) -British motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago, The Times reported on Monday, citing industry sources. Tesla has been forced to offer discounts of up to 40% to car leasing companies to shift more units, the report said. The discounts are also due to the lack of storage space for Tesla vehicles in the UK, the report said. Reuters could not immediately confirm the report. Tesla did not immediately respond to a Reuters request for comment. Tesla’s July sales in the UK fell about 60% to 987 units in July, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). Battery electric vehicles are now projected to account for 23.8% of new registrations in 2025, slightly up from SMMT’s previous forecast of 23.5%.

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British carmaker JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow (Reuters) -British luxury carmaker Jaguar Land Rover cut its fiscal 2026 earnings before interest and taxes margins forecast to 5%-7% on Monday from 10% earlier, citing uncertainty in the global auto industry as U.S. tariffs loom. Shares in the company’s Indian parent Tata Motors (NYSE:TTM) dropped as much as 4.7% in early trade after the announcement. JLR’s EBIT margin forecast was also below its reported margin of 8.5% for the previous fiscal year. JLR, which gets over a quarter of its sales from the U.S., had temporarily paused shipments to the country after its President Donald Trump slapped a 25% duty on all foreign-made vehicles sold in the world’s second-largest car market. Tata Motors’ ownership of JLR makes it among the most exposed Indian automakers to Trump’s tariffs on vehicle imports. Unlike most of its rivals, including German brands Mercedes- Benz and BMW (ETR:BMWG), JLR has no manufacturing presence in the U.S.

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