Business and Trade Secretary Peter Kyle spoke at the Society of Motor Manufacturers and Traders annual dinner on 25 November 2025, announcing a package of measures to support the motor industry. He highlighted the decline in UK car production since 2016 and pledged intervention, including a new British Industrial Competitiveness Scheme to cut electricity bills for up to 7,000 manufacturing firms, and a consultation on the scheme that could save up to £40 per megawatt hour from April 2027. Kyle also outlined the DRIVE35 programme, a £4 billion investment in electrification, batteries, and hydrogen, and a forthcoming £1.5 billion cash injection. He added plans for an extra £1.3 billion to the Electric Car Grant, an extension to 2030, and a £200 million boost to charging infrastructure. Trade deals with India, the EU, the Gulf, South Korea and the United States were also cited to improve export prospects.
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https://www.gov.uk/government/speeches/peter-kyle-addresses-guests-at-the-smmt-annual-dinner
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