“UK car production declines for 12th month” “Nissan confirms plan to cut 12,500 jobs globally” “Brexit: UK car production plunges” That’s just a snippet of the headlines we’ve all become far too familiar with over the last few months. This blog isn’t politically motivated but aims to discuss openly the proposed (and current) impact of Brexit uncertainty on the UK Vehicle production and finance industries. Of course, for CAVA, if there’s a drop in vehicle production, we want to know about it as it will potentially impact our business too, in a ripple effect. WhereSEE DETAILS
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Cast your mind back a few years or so and hybrid and electric vehicles were still relatively uncommon, despite Toyota mass producing the Prius hybrid back in 1997.Despite its success in increasing the profile of the electric vehicle, it’s only in the last five years that hybrids and fully electric vehicles have become more accessible. Battery costs were extortionate when these vehicles first emerged commercially but around 2013 we saw decreases in costs, opening up the market to more consumers. A recent report from Bloomberg New Energy Finance has estimated thatSEE DETAILS
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