Video: Low carbon policies driving automotive boom

Jessica Shankleman
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Video highlights the findings of the Low CVP's latest report showing how environmental policies have helped the automotive sector grow

The Low Carbon Vehicle Partnership hosted its annual conference this week, launching a major new report which revealed how the automotive sector has been buoyed by efforts to slash pollution and carbon emissions.

Automotive manufacturing has seen revenues climb by more than 38 per cent since 2003, reaching £64.1bn in 2013, while car production has soared from one million units a year in 2009 to 1.5 million units last year.

The report concludes that consistent and ambitious environmental policies have played a major role in revitalising the industry. It shows that there has been £17.6bn of investment in 291 low and ultra-low carbon R&D projects and manufacturing capacity in the past decade alone.

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