EVs are the future of the car industry, however, the United Kingdom requires a local battery industry as well, according to the Jaguar Land Rover boss ‘Ralf Speth’.
On Friday there was an intense feeling of relief in the British car industry when Jaguar Land Rover stated that it would be investing billions in producing novel electric vehicles in the United Kingdom. After the latest closure of two other United Kingdom automotive factories in 5 months; Ford in Bridgend & Honda in Swindon, boss of Jaguar Land Rover ‘Ralf Speth’ was evidently delighted to have good news for the 2,500 workers at the Castle Bromwich plant.
Yet amidst the congratulations, Speth also smashed a note of warning. Not on Brexit this time, but on the future of the car sector in the nonexistence of the British battery industry. He said that one thing is clear: if the batteries go out of the United Kingdom, then so will the automotive production go out of the United Kingdom.
New electric mini will be launched by BMW this week, to be manufactured in Oxford, and it was said by PSA Group that if a no-deal Brexit was evaded, it would produce its novel Vauxhall Astra cars in Ellesmere Port, with electric versions likely to follow.
What would be the source of the batteries is still a question. A new Jaguar Land Rover facility in Hams Hall, between Birmingham and Coventry, will be importing battery cells from Asia in order to assemble it into packs, while BMW will be importing packs from Germany.
The prospect for a global industry enjoying explosive growth is huge and in the absence of battery industry, the jobs of 114,000 workers making the United Kingdom’s combustion engines could end by 2040, the government-backed Faraday Institution warns.