The latest CBI Economics commissioned report looks at how the UK automotive sector remains a cornerstone of the UK economy.
The transition to battery electric vehicle (BEV) production will play a decisive role in shaping the future prosperity of the UK’s automotive sector. The shift from internal combustion engines (ICE) to BEVs is not just a matter of technological evolution but an economic imperative that will influence the industry’s contribution to jobs, economic output, and global competitiveness.
A new CBI Economics report, commissioned by the Energy and Climate Intelligence Unit (ECIU), Electrifying Growth: Exploring what electrification could mean for the UK’s automotive industry, takes stock of the current UK automotive sector, outlining how the sector remains a cornerstone of the UK economy in 2023. The report goes on to assess how the industry could fare in the coming years, specifically the potential economic impacts different levels of electrification could have on the industry and the wider UK economy.
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