Business shifts focus to Labour’s automotive insurance policies following election victory

As an employer of 78% of the 758,000 individuals working within the sector and which generates annual turnover of £100 billion, automotive retailers will now give attention to how Labour plans to addresses the elements which most affect their enterprise – and simply as importantly, the pace at which it is going to ship.

Labour was in actual fact the one get together with a devoted automotive coverage which recognised the contribution the motor business will seemingly play in reaching web zero objectives.

Mike Hawes, chief government of the Society for Motor Producers, signalled its help for a bespoke method to reaching web zero which, with the precise circumstances, might additionally ship financial development.

“The brand new authorities’s dedication to an industrial technique and its already revealed Automotive Sector Plan can increase manufacturing competitiveness, improve commerce relations and help shoppers,” he mentioned.

Forward of the upcoming Basic Election, the Labour Social gathering had promised to reintroduce the ban on the sale of recent inner combustion engine (ICE) vehicles ranging from 2030.