The automotive sector remains fully committed to net zero. Conditions have changed so much, however, that failing to reassess the route risks undermining the very objectives the policy was designed to achieve.
Analysis in Same Destination, Smarter Route, a new report published today at
#SMMTElectrified conference, shows how
🔋battery costs are more than 30% higher than anticipated
🪨raw material costs remain stubbornly high
💡 UK and EU industrial energy prices have risen 80% and 28% respectively since 2021.
smmt.co.uk/smarter-route-to-…