The Japanese automaker warned that missing the target would lead to significant fines for manufacturers and urged the UK government to allow more flexibility in borrowing credits and to implement a two-year monitoring period for 2024 and 2025, due to the slowdown in consumer demand.
Britain is likely to miss the 2024 targets set by the ZEV mandate, a trade body warned last month.
Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to a lack of affordable models, slow rollout of charging points, growing trade tensions and increased competition from cheaper Chinese rivals.
Stellantis (STLAM.MI), in June, warned it could halt its UK production unless the government does more to boost EV demand.
"The mandate risks undermining the business case for manufacturing cars in the UK, and the viability of thousands of jobs and billions of pounds in investment," Nissan said in a statement.
