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SMMT calls for automotive sector to be the engine of the UK’s future international trade deals after new report reveals vehicles are the nation’s most valuable exported good, worth £27 billion.
Total automotive sector trade drops -26% during pandemic-hit 2020 but still reaches £74 billion, benefiting every UK region.
Long-term global car market growth provides major opportunity to accelerate economy.
Supportive Rules of Origin to reflect post-Brexit supplier base and gigafactory investment will aid Global Britain in leading worldwide transition to electric vehicles.
Fresh analysis reveals just 4.6% of car registrations by private buyers in 2020 were for battery electric vehicles (BEVs), compared to 8.7% for fleets and businesses.
Industry sounds warning over 2030 ambition as retail incentives slashed, while 700 charge points need to be installed daily to support the market.
SMMT unveils blueprint for electric revolution calling for all stakeholders to do more for consumers, focusing on incentives, infrastructure and industrial transition.
UK Automotive warns of Brexit tariff damage as new figures reveal ‘no deal’ would cut vehicle production by two million over next five years.
WTO tariffs would strike £55.4bn blow to UK sector by 2025 with annual production falling below one million units consistently.
Brexit deal must work for automotive to sustain competitiveness, help drive green recovery and jobs and keep the UK at forefront of global decarbonisation agenda.
UK sector comes together at special online event as SMMT calls on government to keep car showrooms open, agree a Brexit deal and ‘build back together’ after coronavirus crisis.
Huge investment in electric vehicle choice is driving demand, but nearly half of motorists still not ready for a 2035 switch, with higher purchase prices and charging concerns holding buyers back.
SMMT calls for zero tax on zero emission-capable cars, including plug-in hybrids, alongside long-term commitment to the Plug-in Grant to drive as many as 2.4 million sales in the five years to 2025.