LowCVP Parliamentary reception showcases strength of UK low carbon automotive sector to ministers, MPs
Sun 15 March 2015
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Eight specialist companies, dynamic innovators in low carbon road transport, were showcased at a Parliamentary event in the House of Commons by the LowCVP in early March. A new report from Cambridge Econometrics was launched a the event. The report shows how the drive for low carbon road transport is – and will continue to be - good for motorists, good for the economy, jobs, growth and exports as well as essential to protect against climate change.
Over 200 people attended the event - which included a seminar to discuss the report in detail, and a drinks reception. A brochure of the innovative companies on display was supported by the APC, The Advanced Propulsion Centre provides a focus for the UK advanced powertrain industry and supports a wide range of innovation projects.
The report – Fuelling Britain’s Future – by Cambridge Econometrics found that by 2030 fuelling the average new low carbon car could be £600 cheaper than for the average car today. The national cost of running and replacing cars in the UK could be between £5-7 billion lower.
The researchers found that a continuing focus on cutting carbon from road transport could lead to CO2 emissions from the UK car and van fleet being cut by 47 percent by 2030, and as much as 80 percent in 2050.
The report says that improvements in the efficiency of internal combustion vehicles are already saving motorists hundreds of pounds each year. Advances in engine efficiency, lighter construction materials, more efficient tyres and the gradual introduction of electric propulsion will reduce running costs even further.
Examples of these emissions-busting, cost-cutting future technologies were demonstrated at the event, held by the LowCVP in collaboration with the European Climate Foundation.
The event was attended by two ministers - Baroness Verma of DECC (pictured) and Robert Goodwill of DfT - and senior officials from DfT, DECC, BIS, Treasury and Defra as well as leading stakeholders from industry, academia and the environmental movement.
In her speech to guests, Baroness Verma described the LowCVP as 'a visionary organisation', and highlighted the far reaching benefits of the LowCVP’s multi-stakeholder approach to policy development.
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