The total Gross Value Added (GVA) contribution to the UK economy of the UK automotive sector could rise by 35%, or £16.1 billion, by 2035 or decrease by 73%, or £34.1 billion, depending on how rapidly the sector transitions to the manufacture of Battery Electric Vehicles (BEVs), a new report finds.
A report commissioned by the Energy and Climate Intelligence Unit (ECIU), with analysis provided by CBI Economics, reveals a GVA difference between a best-case and a worst-case scenario...
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