UK car industry launches ‘five promises’ manifesto to politicians

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The Society of Motor Manufacturers and Traders (SMMT), the motor trade body, released a new manifesto The industry is based on five pledges adopted across party lines.

It wants all parties to adopt its five pledges, which it says will boost the competitiveness of the UK car industry.

The carrot could be a £106bn boost to UK electric car production between now and the end of the next parliament.

SMMT chief executive Mike Hawes said the five pledges were the basis for a simple agreement between the UK auto industry and politicians.

“Give us the right conditions and we will translate our obligations into opportunities for our industry, jobs, environment and the UK.”

Changing the UK car industry

The manifesto is multifaceted and aims to transform UK car production and give all motorists confidence electrificationimproving workforce skills, ensuring UK-made electric cars can be sold globally and reducing the cost of clean energy.

Achieving all this will “unleash the industry to lead the net zero revolution in the UK”.

The SMMT wants every political party to recognize the importance of the UK’s cars and help create the right conditions for a 10-fold increase in electric vehicle production to 750,000 a year by 2030.

That would be worth £106bn.

“We are in the midst of the most competitive investment landscape in a generation and there is an urgent need for the UK to respond and use every policy, every fiscal and regulatory lever to make the UK the most attractive place to invest.”

solid foundation

The SMMT said the UK car industry had many fundamental advantages, despite challenges such as ongoing post-Brexit trade issues with the UK, inflationary pressures and twice the cost of energy as its EU rivals.

The UK has a diversified supply chain, a flexible and highly skilled workforce, and a world-renowned brand and R&D capabilities.

This helps the UK automotive industry achieve an annual turnover of £78bn and contributes £16bn to the UK economy. It also invests £3 billion a year in research and development.

The industry supports 800,000 jobs and, with the right conditions and support, is poised to deliver benefits to wider society for a decade.

SMMT Five Commitments

1: A Green Vehicle Transition Strategy for a Stronger Economy

2: Net Zero Liquidity for Everyone

3: Green skills to create a green future

4: Made in Britain – Made for the World

5 Driving the UK cleantech revolution

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UK car industry launches ‘five pledges’ manifesto for politicians

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