The Low Carbon Vehicle Partnership (LowCVP) hosted its 15th anniversary parliamentary reception at the House of Commons yesterday. Bringing together key figures across a breadth of sectors, the event celebrated the successes of the LowCVP and the UK automotive industry over the past 15 years and looked to the future. During the celebrations, the launch of the LowCVP’s first ever three-year strategic work programme was announced.
The programme aims to encourage the development of low emission solutions, such as vehicles, fuels and more, to drive the uptake of ultra-low emission vehicles (ULEVs). Through the programme, the LowCVP will push for the delivery of climate change targets in the context of road transport, while promoting the air quality agenda.
During the event it was also announced that Lombard/NatWest – leading leasing/finance organisations – will be joining the Partnership from April this year. While the LowCVP already has approaching 200 members, there has been less engagement so far from the vital financing sector, which could have the potential to stimulate much greater demand for the electric and ULEVs which are becoming available in increasing numbers, shapes and sizes.
Andy Eastlake, Managing Director at LowCVP, launches the new three-year programme
LowCVP Managing Director, Andy Eastlake said: “Our focus on building consumer demand for ULEVs could be strongly supported by leading financial players who have perhaps the most direct influence on today’s markets. We will be beginning our engagement by focusing on the key areas that financing solutions may be able to unblock.
“I am delighted that our three-year work programme has been supported. It gives us a longer view and greater stability as an organisation, providing the opportunity to strengthen our relationships with stakeholders in key areas.”
Transport Minister Jesse Norman MP said: “This Government is committed to improving air quality and tackling climate change. That is why we are investing almost £1.5 billion over this Parliament as part of the drive to reduce emissions from transport.
“The Low Carbon Vehicle Partnership continues to play a vital role in supporting these environmental targets.”
To mark its 15th anniversary, the LowCVP released a special report reviewing the key moments in the automotive industry that have taken place since the LowCVP’s conception in 2003. It marks key points such as the Climate Change Act, as well as highlighting the birth of the Advanced Propulsion Centre and the Centre for Connected and Autonomous Vehicles. To see the report, click here.