Currently reading: SMMT: UK automotive needs government support to thrive
Industry body says action plan is needed if UK automotive is to remain competitive on a global scale

The UK automotive industry has called for swift government intervention to protect it from existential threats – such as protectionist trade policies and soaring energy costs – and guarantee its future prosperity.

The Society of Motor Manufacturers and Traders (SMMT), which represents the industry, warned the window for implementing safeguarding policies could close as early as 2024.

That year, European rules of origin – currently requiring at least 40% of the content in an electrified vehicle sold in the UK or Europe to be sourced from the region – will become 5% stricter.

For battery packs this change will be more severe, with the minimum threshold for locally sourced content doubling from 30% of a pack's total value to 60%.

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