The parliamentary debate at the House of Lords on June 22 will deliberate existing government measures (subsidies of up to 5,000 pounds Sterling per electric vehicle and 30 million pounds set aside for infrastructure developments in the three hot spots: London, Milton Keynes and the North East) while examining new incentives and programs needed to drive market growth and considering steps needed to build the UK into a centre of excellence for electric vehicle manufacturing.
"It is critical that policy makers uphold their support of electric vehicles. Two vehicle manufacturers have already fixed their electric car prices for the UK, and cutting back the incentive will threaten the UK’s position as a priority market for Electric Cars in Europe compared to other countries offering comprehensive benefits for electric car makers," says Frost & Sullivan’s Automotive & Transportation Director and Partner Sarwant Singh. "The government must also support the manufacturing of Electric Vehicles and lithium ion batteries in the UK, as this innovative technology is all about hi-tech manufacturing and not low cost outsourcing."
The second day of the workshop will be held on June 23 at the Society of Motor Manufacturers and Traders (SMMT) and will feature key note presentations from top industry experts who will layout the potential business models and returns on investment, infrastructure strategies, and understand what opportunities exist for businesses in this exciting market. The event is set to be a perfect platform to establish open interactions between parliamentarians and industry stakeholders to share their respective issues, understand the priorities of regulators, and consider what the industry can offer us all.
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