The UK government has announced it is easing off on rules forcing the car industry to transition to zero-emission vehicles.
Downing Street and the Department for Transport said it was to help the industry deal with current economic turbulence, notably including new US tariffs.
Companies now have until 2030 to end new petrol and diesel car sales, while full hybrids will be allowed to remain on sale until 2035.
Small-volume manufacturers, such as Aston Martin Lagonda (LSE:AML) and McLaren, will be exempt from the mandate under new reforms announced today.
Prime Minister Keir Starmer said the decision gives carmakers "certainty, stability and support".
Other measures include extending credit systems and allowing new transfer mechanisms between van and car targets, allowing firms to adapt as demand is expected to increase later in the decade.
Starmer said the package would help British firms "export British cars built by British workers around the world".