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MATT RIDLEY: Labour's car industry wrecking policy might cut global emissions by 0.06%. How the Chinese must be laughing at us!

The article by Matt Ridley in the Daily Mail discusses Labour's policy on the UK car industry, which he criticizes for potentially damaging the sector. He highlights that Labour's plan to ban new petrol and diesel car sales by 2030, five years earlier than the government's target, could lead to significant job losses and economic disadvantage. Ridley argues that this policy, combined with the UK's decision to leave the EU's trade agreement, might make the UK less competitive in the global car market, especially against countries like China, which are aggressively expanding their electric vehicle (EV) production. He points out the irony that while the UK aims to reduce emissions, it might end up importing more cars from China, where EV production is heavily subsidized and powered by coal-generated electricity. Ridley suggests that instead of rushing into an EV-only future, the UK should consider a more balanced approach that includes hybrid vehicles and supports the industry's transition in a way that maintains jobs and economic stability.

Read the Full Daily Mail Article at [ https://www.dailymail.co.uk/debate/article-14134949/MATT-RIDLEY-Labours-car-industry-wrecking-policy-Chinese-laughing.html ]