Very interesting. The policy guidelines are here, pretty interesting read:
https://labour.org.uk/wp-content/uploads/2023/10/WR-797_23-Automotive-strategy-v8.pdf
U.K represents about 1.6mil car sales a year, so not insignificant. Australia is about 1.3mil. Crazy how small the U.K has become, total basket case.The U.S is 10x larger than both of those markets. My concern would be that the U.K and Europe both want to put Tarrifs on China EV's, so growth in the short to medium term may remain pretty subdued if they plan on instead trying to develop their own local industry. That's largely been a disaster outside of China.
Addiitonally, this government could again be about before 2030 anyway, and if governments and consumers continue to flip flop, the indsutry isn't going to have any confidence. This is another reason a stable centrally controlled government like China can execute on initiatives like this.
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