SMMT statement on Comprehensive Spending Review

Mike Hawes, SMMT Chief Executive: “The automotive industry recognises the pressure on the public purse and the need to divert funding to defence and growth. Automotive can deliver that growth but it depends on both competitive conditions and consumer confidence. Some support for EVs has been made available, but more substantive measures to incentivise private consumer demand are still needed if world leading targets are to be met. Government has already made great efforts to support a critical industry facing significant geopolitical challenges but without market-making interventions, that world-leading pace of transition may need to be reviewed.”