This came up in conversation last night with a few mates, and already it seems to be confusing folk as to exactly what is means.
I read it as, "the Sale of NEW Petrol and Diesel Cars and Vans by 2040", so, we'll still be running around in them, just not brand new ones, does that help the Environment?, probably not, what will happen though, long before then, is most major Cities in the UK leveling a "Pay to Enter" Emission Zones, meaning, Buy Electric, dont bother or I need to, I have no choice and end paying something like £100+ per day Charge or Fine to get to work every day.
Those that can afford a Brand New Electric Car will be better off, in every respect, those that cant, wont.
What about our existing Petrol and Diesels Cars and Vans made before 2040, will that make them more attractive and see an increase in their Value?, dont know, but guessing there will be some financial incentive to scrap as many as possible, probably incentives to off set the cost of a New Electric run around, nice if you afford it.
No mention of LPG, or LPG Electric Hybrids, Diesel Trucks, Lorries, Plant Hire etc, and whos going to invent these wonderfull Batteries by then to keep the UK Transport System moving, without stopping every few hours to re charge them.
http://www.bbc.co.uk/news/uk-40723581