Brexit could lose the UK its lead in the global race to launch self-driving cars

self-driving car
(David Cardinez / Shutterstock.com)

Connected and Autonomous Vehicles: Winning the Global Race to Market, a report by the Society of Motor Manufacturers and Traders (SMMT) and Frost Sullivan warns that Brexit could stall the UK’s lead in its bid to be the first country in the world to mass market self-driving cars. Anna Tobin reports

The newly published report states that the UK is currently the top location tipped to bring connected and autonomous cars to the mass market and that the UK self-driving car industry could be worth £62 billion annually by 2030. Reaching this goal is, however, dependent on the UK reaching a satisfactory deal with the EU.

“It is critical that the UK leaves the EU in an orderly fashion with a Brexit deal favourable to the automotive industry. Should the country leave Europe in a no-deal scenario, significant damage will be done to the UK’s long-standing reputation as a politically stable destination for inward investment and the potential benefits outlined in this report are at risk of being realised,” states the report.

The full report can be read here

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