Electric car industry needs government supercharge
The electric car industry could create 320,000 new UK jobs and generate £51bn a year, but only if the government acts smartly to make the most of this technology.
That is according to a report by professor Jim Saker of Loughborough University, due to be published on Wednesday. In it, he talks about the potential benefits of electric cars on both the economy and jobs, but warns that to take advantage the government needs to invest in charging infrastructure and skills.
Jim said, ‘The UK, by the nature of its size and geography, has a natural advantage in the rapid adoption of vehicles with the new power train technologies, but it is dependent on government investment to pump prime this initiative.
CEO Steve Nash said, ‘The potential growth for the UK economy is immense, and we are calling on the government to act now in order to reap the financial rewards. To avoid further skills shortages across the sector there is an urgent need for a higher skilled workforce.
‘It’s vital we take the appropriate steps now if we want to ensure that the UK has the skilled workforce it needs across the whole industry to support and service these vehicles. This will only be possible if appropriate actions are taken with some urgency to avoid a serious and growing skills shortage, most particularly in the non-franchised part of the automotive sector.’
The report, commissioned by the IMI, will be presented to MPs on Wednesday.