I got to say it's very impressive that electric vehicle has completely taken away hybrid's spotlight in the span of 10ish years.
I am an electric fanboy myself. I got an electric skateboard, I am planning to get an electric bicycle. But I have to admit hybrid is more practical.
He doesn't say anything about hybrids, sadly.
The incentives are to buy any new car, regardless of motorisation. The goal is to get rid of old, polluting cars made in the 80s and 90s that plenty of poor people still use because they can't afford a better one.
He talks about retiring
all petrol and diesel vehicles, yet as an example cites Volvo which plans to shift its production to electrics and hybrids. He may be talking about retiring pure ICE vehicles only, who knows.
And his use of "vehicles" is mighty unclear. Is he talking about personal vehicles (cars, motorcycles) or anything that has wheels powered by an engine? Like coaches, lorries, farm and construction vehicles?