The Society of Motor Manufacturers and Traders has urged the government to clear the path for the UK to capitalise on a potential £66bn connected and automated mobility windfall by 2040.
In a new report, Connected and automated mobility: The UK economic and market opportunities, the SMMT is calling on government to remove all barriers to regulatory reform while at the same time developing a strategy to support private sector investment and innovation.
In terms of markets, it believes CAM technology can generate a £15.2bn economic uplift in on-road logistics, with on-road passenger services and off-road logistics also identified as key sectors where CAM technology can be applied to commercial applications.
Meanwhile, the SMMT says CAM technology also has the potential to create an additional 342,000 skilled jobs and prevent upwards of 60,000 serious accidents.
Mike Hawes, SMMT Chief Executive, said, “While fully automated road journeys are still some way off, advances in connected and automated mobility technology means they’re within our future – presenting a significant opportunity to revolutionise transport in the UK.
“Government must work with all stakeholders to implement the necessary framework needed to deliver this exciting revolution swiftly and effectively, ensuring that consumers can reap the lifesaving and cost saving benefits. Failing to do so risks leaving the UK in the slow lane, jeopardising our competitiveness and impeding growth and job creation.”
