Mike Hawes, Chief Executive of the SMMT, expressed deep concern over the industry's future, saying, "These are deeply concerning times for the automotive industry, with massive investments in plants and new zero-emission products under intense pressure." He emphasized the ongoing challenges and urgent need for support amid falling manufacturing output.
Hawes noted that the slowdown in the global market, especially for EVs, has significantly impacted production, stating, "The UK is particularly exposed due to having arguably the toughest targets and most accelerated timeline but without the consumer incentives necessary to drive demand." He highlighted the critical intersection of strict regulations and lacking market support.
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