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          Investment incentives and innovative plans needed for UK car sector

          Jonathan Moss, partner and head of transport at DWF, highlights that the June SMMT car registrations figures call for long term investment incentives and innovative plans to encourage the growth in alternative fuel transportation.

          Date: 04/07/2019

          Jonathan Moss said:

          "The UK new car market is down again with a year on year decrease in June of 4.9% in new car registrations. Notably diesel registrations have declined 20.5% since the same point last year. There is some respite with battery electric vehicles ("BEVs") rising by 61.7% but with BEV's having only 1.1% of market share, there is little reason to be cheerful. The alternatively fuelled vehicle ("AFVs") sector fell into negative growth for the first time since April 2017.

           

          "This is a perfect storm with the open sore of Brexit showing no sign of healing and the US – China trade war successfully suppressing car manufacturers' appetite for growth. These figures are a dramatic call for long term investment incentives and innovative plans to encourage the growth in alternative fuel transportation."

           

           


          For more information, please contact:

          Nahidur Rahman, Senior PR Manager

          Tel: +44 7851 796943

          Email: nahidur.rahman@dwf.law

           

          Alternatively, contact the DWF press office on press.office@dwf.law   / +44 207 645 4352

           

          About DWF

          DWF is a global legal business providing complex, managed and connected services, operating from 27 key locations with approximately 3,200 people. The Company became the first Main Market Premium Listed legal business on the London Stock Exchange in March 2019. Pre-IPO, DWF recorded revenue of £236 million in the year ended 30 April 2018. For more information visit: www.dwf.law

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          Jonathan Moss

          • Partner // Global Head of Transport Sector // Head of Marine & Trade