SMMT analysis highlights value of EV exports

Mike Hawes, the Chief Executive of the Society of Motor Manufacturers and Traders (SMMT), has warned that the UK automotive sector must seek stability in order to sustain a record £7.9 billion of electric vehicle (EV) exports – with new analysis revealing they are up 110.4% since 2017.

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Automotive manufacturers face £90m energy cost hike

British automotive manufacturers are calling for urgent action on spiralling costs as new analysis from the Society of Motor Manufacturers and Traders (SMMT) reveals firms face a £90 million uplift in energy bills this year – equivalent to more than 2,500 automotive jobs – as costs surge by 50%. 

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