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SMMT have released their vision for 2035; an update on last year’s manifesto 2030. Their ambitious targets highlight the importance of embracing green manufacturing with a potential return amounting to billions of pounds. Read more below…
The pledges the sector needs remain the same. Net zero mobility for all. Britain as global power in vehicle production. An upskilled workforce ready for the next generation of automotive technology. Clean, cost-effective energy. And an industrial transformation strategy that provides a holistic, joined up approach that ensures every stakeholder contributes to delivering on the UK’s economic growth potential.
What’s changed is the scope of our vision. New analysis shows the scale of the prize on offer – and the benefits the country can reap over the next decade. From the new car market alone, £800 billion in revenue from now to 2035. From new car and van production, a cumulative £290 billion in factory gate prices over the next decade.
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NEW CAR MARKET
£800 billion in revenue from now to 2035 |
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NEW CAR AND VAN
Cumulative £290 billion in factory gate prices over the next decade. |
The automotive sector just needs the framework to turn today’s potential into tomorrow’s trillion pound trophy. That growth will make a massive contribution to society and the environment. The right support now will mean that by 2035, almost half of all cars on the road will be zero emission – with more than 17 million people enjoying the benefits of a fairer, faster transition.
A reformed energy market with easier grid connections can unlock our admirable potential in renewable electricity generation. And investment in our most valuable asset of all – our people – will give all corners of our country a workforce that’s ready for the net zero world ahead, sustaining jobs and prosperity.
Our Vision 2035 is clear. Provide the framework and the growth will follow.
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NET ZERO MOBILITY FOR ALL • The pledge focuses on transitioning towards net zero mobility by increasing the adoption of electric vehicles (EVs) and reducing carbon emissions from vehicles. • Strategies include supporting consumers buying EVs, maintaining grants for commercial vehicles, ensuring infrastructure for EV charging, and implementing a regulatory framework for a smooth transition to zero-emission vehicles. • The goal is to have almost 17 million new EV cars on the road by 2035, contributing to a significant reduction in CO2 emissions. |
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MADE IN BRITAIN – MADE FOR THE WORLD • This pledge emphasizes the importance of British automotive production, particularly in the context of zero-emission vehicle manufacturing. • It highlights the need for strategic planning to support EV production growth, address global competition, and secure the necessary raw materials for sustainable EV manufacturing. • The aim is to increase zero-emission vehicle production in the UK, attracting more investment and ensuring competitiveness in the global market. |
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GREEN SKILLS FOR A GREENER FUTURE • This pledge focuses on developing a skilled workforce to support the transition to electric vehicles and green technologies. • Strategies include up-skilling existing workers, promoting STEM education, and attracting global talent to the automotive sector. • The goal is to ensure the UK has the necessary talent pool to drive innovation and maintain competitiveness in the EV industry. |
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POWERING THE UK CLEAN TECH REVOLUTION • The pledge highlights the importance of leveraging the UK's carbon-competitive energy mix to support zero-emission automotive production. • Strategies involve delivering low-cost zero-emission energy, encouraging investment in decarbonised plants, and accelerating green technology projects. • The objective is to reduce lifecycle carbon emissions in EV production and make the UK a hub for green manufacturing powered by affordable clean energy. |
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A GREEN AUTOMOTIVE TRANSFORMATION STRATEGY FOR A STRONGER ECONOMY • This pledge underscores the need for a comprehensive strategy to transform the automotive industry towards zero-emission vehicles. • Strategies include de-risking private capital, regulatory reforms, global diplomacy for trade agreements, and promoting British investment in critical material mining. • The aim is to achieve significant revenue growth, increase EV adoption, reduce emissions, create jobs, and position the UK as a leader in green automotive manufacturing. |
