As an employer of 78% of the 758,000 people working within the sector and which generates annual turnover of £100 billion, automotive retailers will now concentrate on how Labour plans to addresses the aspects which most impact their business – and just as importantly, the speed at which it’ll deliver.
Labour was in actual fact the one party with a dedicated automotive policy which recognised the contribution the motor industry will likely play in achieving net zero goals.
Mike Hawes, chief executive of the Society for Motor Manufacturers, signalled its support for a bespoke approach to achieving net zero which, with the precise conditions, could also deliver economic growth.
“The brand new government’s commitment to an industrial strategy and its already published Automotive Sector Plan can boost manufacturing competitiveness, enhance trade relations and support consumers,” he said.
Ahead of the upcoming General Election, the Labour Party had promised to reintroduce the ban on the sale of latest internal combustion engine (ICE) cars ranging from 2030.
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