But such potential may be threatened by a no-deal Brexit, says SMMT
Britain’s leading position in developing self-driving cars could produce a £62bn economic boost by 2030, the car industry claimed – but warned that such potential could be jeopardised by a no-deal Brexit.
A report published by the Society of Motor Manufacturers and Traders said the UK has significant advantages over other countries in pushing connected and autonomous vehicles, including forward-looking legislation allowing autonomous cars to be insured and driven on a greater proportion of roads than elsewhere.
Mike Hawes, the chief executive of the SMMT, said more than £500m had been invested in research and development by industry and government, and another £740m in communications infrastructure to enable autonomous cars to work.
He said: “The opportunities are dramatic – new jobs, economic growth and improvements across society. The UK’s potential is clear. We are ahead of many rival nations but to realise these benefits we must move fast.”
However, he repeated warnings over Brexit. “No deal is not an option and would be catastrophic for this industry, and the UK’s position globally would be undermined.