The Limited Times

Now you can see non-English news...

Producers Association Gb asks for interventions to Government Sunak - Industry and Analysis

2023-09-22T17:40:46.421Z

Highlights: Producers Association Gb asks for interventions to Government Sunak - Industry and Analysis. "Carrots move markets faster than sticks," says Mike Hawes, CEO of the British Society of Motor Manufacturers and Traders. The automotive sector contributes £78 billion to Britain's economy and generates exports worth £94 billion. The sector invests globally about 3 billion every year in research and development and employs over 208,000 people in addition to 800,000 related industries. The British government's announcement "must be accompanied by a package of incentives and effective measures to accelerate charging infrastructure," says Hawes.


"Carrots move markets faster than sticks." (ANSA)


"Carrots move markets faster than sticks." With this statement Mike Hawes, CEO of the British Society of Motor Manufacturers and Traders (SMMT) has taken a clear position against the decision of Prime Minister Rishi Sunak to move to 2035 the stop of sales of cars with petrol and diesel engines because "the commitment of the automotive industry towards a market of new zero-emission cars and vans remains unchanged" but to aim for the goal of Zero CO2 "consumers need be encouraged to do so. And buy more than ever." For Hawes, the British government's announcement "must be accompanied by a package of incentives and effective measures to accelerate charging infrastructure and give consumers the confidence to switch to electric".
The Society of Motor Manufacturers and Traders supports the interests of the British automotive industry at home and abroad, promoting the industry to the Government, stakeholders and the media.
In the note on the shift of the stop to ICE models, SMMT underlines that the automotive industry is a vital part of the UK economy and is an integral part of the support for the implementation of programs for the reduction and elimination of CO2 emissions and also for the global progress of the country. The automotive sector contributes £78 billion to Britain's economy and generates exports worth £94 billion. The sector invests globally about 3 billion every year in research and development and employs over 208,000 people in addition to 800,000 related industries.


All rights reserved © Copyright ANSA

Source: ansa

All tech articles on 2023-09-22

You may like

News/Politics 2023-11-11T05:02:55.058Z
News/Politics 2023-06-17T09:47:33.316Z
News/Politics 2023-09-22T09:58:06.462Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.