The UK is the first major economy to commit to a net As part of the 10 Point Plan for a Green Industrial Revolution, we will invest £12 billion by 2030. We are ending sales of new petrol and diesel engine cars and vans in 2030. All new cars and vans will be We are accelerating electrification, investing over £5 billion across infrastructure, manufacturing and research Thanks to our policies and to government and industry investments, over 1 in every 6 cars sold in the UK now 2Automotive Driving us all Forward

■ Most active and deepest capital ■ 2nd in G20 for ease of doing business ■ 0% dividend withholding tax rate, as part of wider competitive tax regime Agreement post EU exit allows zero tariff market access with the EU ■ Further UK Free Trade Agreements enable exports to the rest of the world ■ Super-Deduction - A new 130% first- year capital allowance for qualifying The UK has one of the world’s most attractive Automotive Driving us all Forward

■Creating the right regulatory ■Encourage innovation, efficiency capability through green skills The UK is investing heavily into electrification Automotive Driving us all Forward

Critical activity and milestones on a path to fully transitioning the automotive sector. Automotive Driving us all Forward

 It is anticipated that battery production costs will continue to Growing battery supply to support Rules Advanced Propulsion Centre projected battery demand for cars and vans assembled in the British Volt to build 30GWh Gigafactory, with first 11GWh expected to come online in 2024; Bloomberg NEF – Real 2020 $ values per kilowatt hour 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Projected Battery Demand for EVs (GWh) It is anticipated that battery production costs will continue to fall, whist demand for EVs increases. Automotive Driving us all Forward

Government and Industry working together to Providing certainty to the market. Automotive Driving us all Forward What we are delivering What we look to industry to deliver Infrastructure ■ Significant, long-term support committed for local, on- street residential and high speed on-route charging across ■ Build and maintain convenient, affordable, reliable ■ Supporting auto industry transformation and building ■ Source local parts and batteries, build Zero Emission cars Energy ■ Supporting development of secure, resilient, zero carbon electricity network to reduce vehicle life-cycle emissions ■ Embrace the fuels of the future and work to improve the energy efficiency of manufacturing operations Regulation ■ Creating a business and consumer friendly regulatory ■ Unleash forces of innovation and support more effective use of vehicles already on roads Jobs & Skills ■ Readying the workforce of today for the jobs of tomorrow ■ Nurture and train employees to be leaders of tomorrow Affordability ■ Providing grants to support early market, tax incentives and clear, long-term regulatory framework ■ Provide a growing selection and number of ZEVs into market, passing savings onto customers as costs

What we have done What we are doing What we committed to ■ Favourable Company Car Tax (CCT) rates for zero emissions company  Keeping low rates of ZEV CCT, which can save drivers over £2,000  Zero emission cars will continue to benefit from favourable CCT rates until  100% write-down in first year on outright purchase of plant and  Super deduction of 130% available  Super deduction available until March  Zero VED (registration tax) for ZEV  Keeping zero VED for ZEV drivers  Zero emission cars are exempt from the VED Expensive Car Supplement  Over 750,000 plug-in vehicles sold in the UK, supported by around £1.5bn  £582 million allocated for plug-in grants at Spending Review 2020 (SR20) and £300m further funding for targeted  We will support the plug-in car and van Projections suggest that price parity will be reached between 2025-2027, depending on segment. Making ZEVs more affordable for drivers 8Automotive Driving us all Forward

What we have done What we are doing What we committed to  Shifting support of the scheme to focus on leaseholders, renters flat  Fund the Electric Vehicle Homecharge  Awarded funding to local authorities to install 4,400+ public chargepoints. On track for full uptake of £20m 2022  Addressing the gap between what the market can deliver alone to encourage larger rollouts of local charging  Invest at least a further £500 million to support local authorities to plan and  Invested £8 million, supported 19,000+ socket installations in staff  Providing more support for SMEs, small accommodation businesses, and  Fund the workplace charging scheme  Started support with private sector to deliver at least 6 high powered chargepoints at every motorway service area in England by 2023  Investing £950 million to upgrade electricity connections at motorway service areas across England’s  2500 high powered chargepoints on strategic road network by 2030, and Delivering a convenient, affordable and reliable charging network. Accelerating infrastructure roll-out 9Automotive Driving us all Forward

What we have done What we are doing What we committed to ■ Secured UK’s first two gigafactories through £500 million Automotive  Identifying priority EV supply chain projects to support ATF such as batteries, fuel cells and motors  £350 million to ATF to support localisation of key supply chain capabilities to meet RoO with EU and  Co-funded APC with industry – £1 billion over 10 years to 2023, commercialisation projects, including £37 million grants in August 2021 to  Long-term political commitment to fund APC to 2025 (intended funding level around £75 million p.a. in SR  £318 million invested in Faraday Battery Challenge to put UK at development, manufacturing and Industrialisation Centre, and driving UK leadership in innovation for key areas such as battery recycling  BEIS to invest additional £25 million p.a.
on ATF R&D and support CCAV R&D projects such as large scale  Agreed FTAs with 65+ partners, including TCA with EU, UK export Finance provided £2 billion in loan  Actively attracting OEMs and new disruptor firms to invest in the UK through ensuring a competitive and attractive business environment  Under Global Britain Investment Fund banner, HMG will accelerate investment, create jobs and support Transforming the auto industry and building 10Automotive Driving us all Forward Preparing the ground for the next generation of vehicles. What we have done What we are doing What we committed to ■ Low carbon generation reached  4th CfD allocation round to bring forward more renewables; removing  Reaching 40GW of offshore wind by 2030 and fully decarbonising power sector by 2035, subject to supply  Ofgem designed RIIO-2 price controls to enable flexible and adaptive investment decisions, ensuring electricity networks net zero ready  Improving network planning e.g. Review; consultation on establishing expert, impartial Future System  Legislating to enable competition in onshore electricity networks, reducing  Ofgem proposed reduction in charges for new connections to network  Reviewing land rights and consents processes for lower voltage electricity  Improving connections experience  Legislated for private chargepoints to  Developing plans to maximise EV flexibility contribution with Ofgem,  Integrating EVs into the energy system, benefiting both consumers  Launched schemes to provide battery reduction of indirect electricity costs  Open dialogue with new and existing energy intensive industries on size and scope of government support through businesses to ensure the economy remains strong and competitive Preparing the UK’s energy system for large-scale 11Automotive Driving us all Forward Readying the electricity system for EV demand. What we have done What we are doing What we committed to ■ Announced introduction of ZEV mandate; consulted on ‘significant zero emission capability’ to define which  Consult on ZEV mandate full design, government response to Green Paper; issue 'technical consultation' on key design features to Green Paper alongside CO2 tailpipe emissions regulation on the rest of fleet (acting as a backstop) in 2024  2017 Regulated for harmonised technical standards for vehicle recharging including connector type; infrastructure in new homes and smart  Introducing legislation in 2022 to improve reliability and ease of payment at public chargepoints. Developing new standards for accessible EV charging  Regulating and mandating standards to improve consumers’ experience  Explore options to streamline and reduce barriers in the planning system and take any necessary actions  2018 AEV world’s legislation for self-driving vehicle technologies  2015 World-leading Code of Practice for testing automated vehicles Systems for first SDV technology on  Enabling safe deployment of Law Commissions review on legislative framework; CAVPASS Programme on assurance standards; supporting advanced testing; public engagement to build understanding and confidence recommendations, including legislation when Parliamentary time allows  Implement new vehicle assurance processes to ensure self-driving vehicles can safely be approved Creating a regulatory environment that 12Automotive Driving us all Forward Policies that provide guidance and certainty. What we have done What we are doing What we committed to Manufacturing ■ Developed higher level apprenticeships, supported the Electrification Emerging Skills Project Manufacturing Competitiveness Levels supply chain improvement programme  Working with established OEMs, suppliers and disrupters to understand their skills and workforce needs and encourage sharing best practice  £1 billion government commitment to support EV supply chains; 14 Driving the Electric Revolution Building Talent for Future and Emerging Skills Electrification projects in 2022 Consumer  Endorsed National Franchised Dealers Association (NFDA) Electric Vehicle Approved scheme and Institute of Motor Industry TechSafe standards for Bootcamps in electrotechnical and  Working with NFDA to accredit EV retailers. Updating guidance to improve training, assessment, and regulation of chargepoint installers. Developing EV service and repair apprenticeships via the Green Jobs Apprenticeship Panel  Support industry with initiatives such as Green Jobs Taskforce, Green apprenticeships, and Emerging Skills Electrification project; develop and promote apprenticeships; EV retail and aftercare standards/accreditation  Worked with stakeholders to update infrastructure installation audits  Engage with stakeholders to update guidance in line with best practice and feed back learning from chargepoint Investing in the skills and capability of the UK workforce 13Automotive Driving us all Forward With industry leadership, turning the workforce of today into the workforce of tomorrow.  10 Point Plan for a green industrial revolution The Ten Point Plan for a Green Industrial Revolution  EY Investment Attractiveness Survey A window of EY Attractiveness Survey 2021  UK Trade Agreement with the EU The Trade and Cooperation Agreement  UK trade agreements with non-EU countries List of UK – Non-EU FTAs (publishing.service.gov.uk)  Electric Vehicle Infrastructure Strategy – Launched 25th March 2022 (publishing.service.gov.uk)  All new homes to have EV charging points Consultation EV Charge points in Residential and Non-residential Buildings (publishing.service.gov.uk)  Transport Decarbonisation Plan Decarbonising Transport – A Better, Greener Britain  Transitioning to zero emission cars and vans Transitioning to zero emission cars and 2035 delivery plan (publishing.service.gov.uk) Net Zero Build Back Greener Automotive Driving us all Forward

The UK has one of the world’s most attractive business ¹Pitchbook, Hot or Where European VC Funding went in 2020 2 4 90 countries from Ranil Jayawardena – 2021 Statement on Free Trade Agreements – UKPOL.CO.UK followed by agreement with Norway, Iceland and Liechtenstein (July 2021) and addition of Suriname to CARIFORM-UK EPA . Addition of Australia.
5 UK Automotive Priorities – Securing Success and UK Automotive Priorities - Securing Success and Competitiveness – SMMT 6 UK Automotive Industry – SMMT 7 UK motorsport industry in pole position for F1's 70th anniversary - GOV.UK The UK is investing heavily into electrification 1 fund/future-of-mobility/faraday-battery-challenge/ 2 fund/future-of-mobility/driving-the-electric-revolution-challenge/ 3 Transitioning to zero emission cars and 2035 delivery plan 4 5 Transitioning cars and vans; Transitioning to zero emission cars and 2035 delivery plan (publishing.service.gov.uk) 1 All new homes to have EV charging points; Consultation EV Charge points in Residential and Non-residential Buildings 2 Transport Decarbonisation Plan; Decarbonising Transport – A Better, Greener Britain (publishing.service.gov.uk) 3 Transitioning to zero emission cars and vans; Transitioning to zero emission cars and 2035 delivery plan (publishing.service.gov.uk) 4 Transitioning to zero emission cars and vans; Transitioning to zero emission cars and 2035 delivery plan (publishing.service.gov.uk) 5 Transport Decarbonisation Plan; Decarbonising Transport – A Better, Greener Britain (publishing.service.gov.uk) 6 UK Trade Agreement with the EU; The Trade and Cooperation Agreement (publishing.service.gov.uk) 7 All new homes to have EV charging points; Consultation EV Charge points in Residential and Non-residential Buildings 9 Net Zero Strategy; Net Zero Build Back Greener 11 Net Zero Strategy; Net Zero Build Back Greener Automotive Driving us all Forward

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