“Connected and autonomous cars will transform our roads and the way our society functions for generations to come, dramatically reducing accidents and helping to deliver more than £50Bn to our economy.

“The KPMG report clearly shows the UK automotive industry is leading the way in developing the cars of the future and that it will act as a catalyst for wider economic benefits that will create more than 300,000 jobs by 2030. The UK must grasp the opportunities ahead and ensure it is continually at the forefront of pushing through these next breakthrough technologies.”

John Leech, Head of automotive at KPMG, said:

“Our study has established that the UK is well-positioned to capitalise on the development and production of connected and autonomous cars.

“Not only will these developments help vehicle manufacturers and their suppliers, but they will bolster jobs, trade and productivity across the economy.

“Connected and autonomous vehicles will promote social inclusion, reduce pollution and save lives. This represents an important opportunity for the economy but one that requires continued focus and commitment from government and business.”

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