Government support critical to EV future in UK
- Posted by: Alan Feldberg
- Category: News
Britain’s ability to compete as an electric vehicle (EV) production leader is at risk unless government responds urgently to increasingly fierce international competition.
This is according to a new blueprint published by the Society of Motor Manufacturers and Traders (SMMT), which reveals that other countries are significantly powering up political and economic backing for their own automotive sectors.
Race to Zero: Powering up Britain’s EV Supply Chain sets out a Green Automotive Transformation strategy that would position Britain as one of the world’s most competitive locations for advanced automotive manufacturing, matching its world-leading market ambition to end the sale of non-zero emission cars and vans in 2035.
The strategy identifies investment, regulation and trade as the key pillars to anchor future vehicle production in Britain.
De-risking private capital with more competitive incentives and action on energy costs will stimulate greater investment in EV enterprises.
Reform of regulation will accelerate delivery of new production facilities and renewable energy generation, while maximising trade opportunities would help secure access to essential raw materials. Such moves will secure the essential gigafactories which can underpin EV production.
Mike Hawes, SMMT chief executive, said: “Britain boasts a firm foundation of EV production, backed by low carbon energy, outstanding R&D and a highly skilled and productive workforce. We must not squander these advantages. With other parts of the world turbocharging their support for the zero emission vehicle transition, we need to step up to compete in this global race. Every part of the country has a stake in the switch and with fast, decisive action we can deliver for Britain the growth, jobs and green prosperity this country deserves.”