Rail strikes regrettably delayed our flagship SMMT Electrified event which was set to take place this Thursday (now postponed to 18 September), but we didn’t let that stop us in our tracks. On Monday, we held a special Electrified Parliamentary Reception at the House of Lords where we launched a new blueprint for the UK’s industrial […]
We started the week on a high, with news that the new car market posted its seventh consecutive monthly uplift in February. Deliveries grew by more than a quarter in this typically low volume pre-plate change month, as easing supply chain shortages steered registrations closer to pre-pandemic levels. The performance signposts further recovery, notably as […]
Electric Vehicle drivers in the East of England sit in longer queues and must charge their vehicles at slower speeds than the rest of the country, according to new findings from the Electrical Contractors’ Association (ECA). Most councils in the region fell behind their own targets to install new fast EV public charge points (22kw […]
Much has been written in the media this week about the UK automotive sector, in particular its competitiveness as the global industry transitions to electrified vehicles. There’s no doubt we are at a critical moment, with competition to win investment to transform our automotive factories and supply chains at its most fierce. With protectionism on […]
UK car finance fintech Carmoola has raised a £8.5m Series A round and £95m debt facility to revolutionise the way people pay for car purchases. The round was led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriend and InMotion Ventures, the investment arm of Jaguar Land Rover. It also includes a […]
In the first full year of open trading following the pandemic, recovery continued in the heavy goods vehicle (HGV) sector as registrations grew by 9.6% to just over 40,000 units in 2022. Despite the market remaining behind pre-pandemic levels, the latter half of the year posted strong growth as persistent supply chain issues began to […]
Drivers of electric vehicles (EVs) in the East Midlands face increasing problems charging their vehicles in public places as EV numbers soar. A Freedom of Information request by the Electrical Contractors’ Association (ECA) shows most local authorities in the East Midlands have no plans to install new public electric vehicle charge points. ECA, which represents […]
The industry dealt with an array of challenges in 2022, so it’s only right that we begin this year with positive news. In January the new car market recorded six months of growth and the best start to a year since before the pandemic. Not surprisingly, electric vehicles played an important part – accounting for one in […]
The Chinese government is committed to reaching carbon emission peak by 2030, and the promotion of new energy vehicles is one of the main policy directions. In 2022, China accounted for over half of global electric vehicle (EV) sales, making it the world’s largest and one of the fastest growing EV markets. Kantar, the world’s […]
Last week SMMT data revealed that UK production of electrified vehicles reached record levels last year, with almost a third of all cars made either fully electric or hybrid and worth £10bn in exports alone – success built on decades of inward investment. Today, we are at a critical point and need to attract the next […]
