Motorbike sales poised to plunge after Labour scraps grant [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
Electric motorcycle sales are set to plunge over the next five years in a blow to Labour's net zero plans, top manufacturers such as Honda have warned. A new study for the Motor Cycle Industry Association (MCIA) predicts that the scrapping of grants for zero emission bikes will lead to around 6,500 fewer sales between now and 2031. That is equivalent to a reduction of almost 50pc compared to a scenario where the grant remains and has been described as a major “own goal” by leading companies including Maeving and Honda. They have warned they will be forced to scale back their ambitions in Britain and focus on other markets abroad, with bosses warning that the Government is leaving domestic manufacturers exposed to heavily-subsidised rivals from China. The MCIA study, carried out by WPI Economics, forecasts that UK sales will drop to just 1,500 in 2026-27, compared to almost 2,500 bikes in 2025-26. The figure is then expected to settle at around 1,300 per year for the rest of
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HMC
Sec Filings
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- 3/27/26 - Form 3
- 3/27/26 - Form 3
- HMC's page on the SEC website