As an employer of 78% of the 758,000 people working in the sector and which generates annual turnover of £100 billion, automotive retailers will now focus on how Labour plans to addresses the factors which most impact their business – and just as importantly, the speed at which it will deliver.
Labour was in fact the only 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 right conditions, could also deliver economic growth.
“The 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 new internal combustion engine (ICE) cars starting from 2030.
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