Mike Hawes’ Post

SMMT tells next government to back #automotive and reap £50bn growth The Society of Motor Manufacturers and Traders (#SMMT) has unveiled an ambitious plan to collaborate with the next government to boost the UK #automotiveindustry's growth by £50bn over the next decade. This initiative, titled Vision 2035: Ready to Grow, was presented at the 16th SMMT International Automotive Summit. It outlines strategies for driving #economicgrowth, accelerating the transition to #zeroemissionvehicles (ZEVs), and enhancing the UK's #automotivemanufacturing capabilities. Key Points of Vision 2035: #MarketGrowth: The value of the new car market is projected to grow from £70bn annually to almost £80bn over the next decade. More than 17 million fossil fuel cars will be replaced by ZEVs by 2035. Annually, over a million #electricvehicles (EVs) will be produced, increasing the sector’s value by 5%. Economic and #Environmental Impact: Halving VAT on new EV purchases for three years could add 300,000 new zero emission car registrations, leading to a total of 2.3 million new ZEVs on the road during that period. This move would also significantly #reducecaremissions by 175 MtCO2 by 2035. #Competitiveness and #Production: Enhancing the UK’s global competitiveness in light vehicle production could result in over nine million ZEVs produced by 2035, generating more than £290bn in revenue. Policy Recommendations: Targeted policies and cross-party support to strengthen the #automotivemarket, enhance trade, upskill the workforce, and provide low-cost, low-carbon electricity. An industrial transformation strategy to ensure a fair transition to a net zero future, with the #automotivesector leading green #economicgrowth. Economic Contributions: The #UKautomotivesector is a significant contributor to the economy, directly employing almost 200,000 people and supporting over 800,000 jobs nationwide. The sector is pivotal in keeping the rest of the economy moving and is the UK’s most valuable goods exporter. Conclusion: By implementing these strategies, the UK automotive sector aims to play a crucial role in the country's net zero transition, driving substantial economic, social, and environmental #benefits. If you're looking to recruit / looking for a new role in the #manufacturing, #engineering or #supplychain industries, get in touch today! Call: 0151 480 2300 Email: [email protected] #follow Morgan Ryder on #linkedin Visit our website: morganryder.com Celebrating 20 years of world class #manufacturing Credit: https://lnkd.in/gtBkNnd7

The need for the UK to up its game in high value manufacturing has always been highly evident, but the Government’s stop/ start (sic) approach to electric vehicles and the associated need for battery production, as emphasised so succinctly in this article, will ultimately lead to us failing to take advantage of a sector which we could quite easily dominate. https://lnkd.in/eUiU-GDJ

Today, we unveiled the findings of our 2024 Automotive and Transportation Manufacturers Benchmark, which evaluates how leading automotive and transportation manufacturers are progressing toward a low-carbon future. Despite being responsible for 8 out of every 10 cars sold globally, results show that most automotive companies are still relying on outdated business models, with only 17% of revenue coming from low-carbon sales. Our findings also show that all legacy automotive manufacturers have yet to commit to phasing out fossil fuels by 2035, and only six companies have pledged full electrification in certain markets.   Despite this, there is room for optimism. 60% of automotive companies scored over 55/100 on certain elements of their transition planning, indicating some progress. Still, planning must translate into real action and strong low-carbon investments. This benchmark highlights where companies stand today and what must change for the industry to achieve a sustainable future. Read the full findings here: https://lnkd.in/gn7KgY7x #decarbonisation #automotivebenchmark #sdg2000 #justtranstion 

🔧🚗 **Navigating the Road Ahead for UK Car Manufacturers** 🚗🔧 The automotive industry in the UK is facing a pivotal shift as evidenced by the sharp 20.6% decline in car production this September. This notable dip points to a time of uncertainty—but also immense opportunity—as manufacturers increasingly pivot to electric vehicles (EVs). **Key Highlights:** - The industry is reorienting its production lines to meet a burgeoning demand for zero-emission vehicles, a driving mandate for sustainability. - Export volumes are concurrently experiencing a downturn, suggesting potential headwinds from global markets, particularly the EU and China, amidst intricate economic landscapes and policies. So, what can we predict from this movement towards EVs? 1. 🎯 **Future Focus:** - The refocus on EV production promises a competitive edge in the global market as demand for eco-friendly solutions accelerates. - This will not only address environmental imperatives but will align traditional manufacturers with progressive sustainability goals. 2. 🏭 **Industry Adaptation:** - There is likely to be a restructuring phase as firms innovate in areas like battery technology and infrastructure support. - Success in this transition could set a benchmark for efficiency and sustainability standards worldwide. 3. 📊 **Economic Implications:** - While the transition is likely to be costly in the short-term, investment in these green technologies aims at long-term gain with increased global market shares. - Collaborative efforts from government bodies will be essential to support this transformation through appropriate policies and incentives. 4. 🌍 **Global Influences:** - The way UK manufacturers adapt could significantly affect their standing with major economies, potentially rekindling export figures once adaptability shortfalls are addressed. This transitional phase, while fraught with challenges, represents a significant opportunity for reinvention within the automotive sector. As businesses lean into this transformation, the predicted upswing suggests manufacturers will harness these changes to redefine mobility for a sustainable future. **Read the full story:** [UK car production drops by over 20% as automakers shift to electric vehicles](https://lnkd.in/eReuGexr) What are your thoughts on this shift towards EVs and its implications for the automotive industry? Feel free to share your insights or predictions in the comments below! 👇

Despite progress in reducing direct emissions, the automotive industry still struggles with decarbonizing its supply chain. Large automakers have cut Scope 1 and 2 emissions by 8% and 9% since 2017, but Scope 3 emissions remain a major challenge. Partners Karim Henain and Anna Fritz Månsson discuss the complexities and strategies for achieving a sustainable future, highlighting the need for collaboration across the entire value chain. Read the full article. https://bit.ly/4ckMZJL

Despite progress in reducing direct emissions, the automotive industry still struggles with decarbonizing its supply chain. Large automakers have cut Scope 1 and 2 emissions by 8% and 9% since 2017, but Scope 3 emissions remain a major challenge. Partners Karim Henain and Anna Fritz Månsson discuss the complexities and strategies for achieving a sustainable future, highlighting the need for collaboration across the entire value chain. Read the article: https://atbain.co/3LGVGTJ

Despite progress in reducing direct emissions, the automotive industry still struggles with decarbonizing its supply chain. Large automakers have cut Scope 1 and 2 emissions by 8% and 9% since 2017, but Scope 3 emissions remain a major challenge. Partners Karim Henain and Anna Fritz Månsson discuss the complexities and strategies for achieving a sustainable future, highlighting the need for collaboration across the entire value chain. Read the full article. https://bit.ly/3YeDdoW

It is that time of year…! We have completed our annual Global Automotive Outlook for 2024 where we have looked in great depth at topics ranging from…: * the impact of Chinese EVs in Europe/US markets * raw materials costs and near-shoring supply * EV technologies * securing sustainable materials for a lower embedded carbon product … and much more.   Specifically from a UK perspective, with the election just around the corner, the potential reintroduction of 2030 ZEV target comes to mind: our 2024 Auto Study shows that only 44% of new UK light vehicle sales are expected to be ZEVs by 2030. We know that BEVs face some serious hurdles in the UK, with cost, charging infrastructure, charge time and battery life ranking high on the list with consumers. It is going to be vital for the industry to prioritise making efficiencies to tackle BEV costs but the next Government would also be well advised to focus on vehicle subsidies for zero emission vehicles.   Great chat by colleague Nick Parker with the Telegraph on this yesterday: https://lnkd.in/ensByhsa.   Get in touch if it would be helpful to discuss the findings of this year’s Automotive Outlook in more detail. #zeroemission #2030target #electricvehicles #globalautomotiveoutlook

Despite progress in reducing direct emissions, the automotive industry still struggles with decarbonizing its supply chain. Large automakers have cut Scope 1 and 2 emissions by 8% and 9% since 2017, but Scope 3 emissions remain a major challenge. Partners Karim Henain and Anna Fritz Månsson discuss the complexities and strategies for achieving a sustainable future, highlighting the need for collaboration across the entire value chain. Read the full article. https://bit.ly/3YgGZhz

Despite progress in reducing direct emissions, the automotive industry still struggles with decarbonizing its supply chain. Large automakers have cut Scope 1 and 2 emissions by 8% and 9% since 2017, but Scope 3 emissions remain a major challenge. Partners Karim Henain and Anna Fritz Månsson discuss the complexities and strategies for achieving a sustainable future, highlighting the need for collaboration across the entire value chain. Read the full article. https://bit.ly/3xVuLAo