John Leech, Head of Automotive for KPMG in the UK, comments on the today's Autumn Statement.
John Leech, Head of Automotive for KPMG in the UK, said:
“The automotive sector will welcome the Chancellor’s announcement of £390 million to go to future transport technology, including:
“The UK already has Europe’s largest network of rapid charge points, so this additional spending will reinforce the UK’s leadership in this area. We can now expect to see the number of electric vehicle charging locations to exceed traditional gasoline refuelling stations by the end of the decade. This arrives just in time for the anticipated acceleration of mass-market electric vehicles in the UK, which will really pick up pace around the same time.
“The UK has also established a strong driverless car testing programme underpinned by government funding and flexible regulation. Today’s announcement of a further boost to the testing infrastructure of driverless cars should help to keep the UK as one of the leading European countries to develop driverless cars.”
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