Economy

NAIGT was established in April 2008 with the task of developing a 20 year vision for the future of the UK automotive industry and to make recommendations on how to achieve this vision.

In January 2009, Geoff Hoon, transport secretary, announced that government would be investing £250 million in low-carbon vehicles as part of government plans on low-carbon transport.

The House of Common’s Environmental Audit Committee has published a report in response to the 2008 Pre-Budget Report and the green fiscal policy measures put forward by the chancellor.

In recognition of the findings of the Stern report and committing to targets in reducing carbon emissions, the UK government has enacted a strategy to initiate a transition to a low-carbon economy.