Over £30m investment to boost batteries and hydrogen vehicles

Funding | Midlands | North West | South West | Technology | Transport & Distribution

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Pioneering research into battery technology, the electric vehicle supply chain and hydrogen vehicles is to be backed by over £30m of government funding, Minister for Investment Gerry Grimstone has announced.

Twenty two studies will receive a share of £9.4m, including proposals to build a plant in Cornwall that will extract lithium for use in electric vehicle batteries, a plant to build specialised magnets for electric vehicle motors in Cheshire and lightweight hydrogen storage for cars and vans in Loughborough.

The government-backed Faraday Institution is also committing the first year of a £22.6 million programme to continue its work to further improve the safety, reliability and sustainability of batteries.

This funding comes ahead of the phasing out of the sale of new petrol and diesel cars by 2030, as pledged in the government’s 10 Point Plan for a green industrial revolution. Research into alternative ways to power vehicles is a fundamental part of this transition, ensuring the UK remains a world leader in automotive technology and boosting jobs and skills in regions leading the way.

Minister for Investment Gerry Grimstone said: “We have set an ambitious target to phase out the sale of new petrol and diesel cars by 2030. To support that it is crucial we invest in research so we can power ahead with the shift to electric vehicles as we build back greener from the pandemic. The world leading research announced today showcases the very best of British innovation and it will support all stages of the automotive supply chain to make the switch to electric vehicles – from developing batteries, to exploring how to recycle them. Investment in battery technology will help motorists and the environment by improving performance and reducing costs of electric vehicles.”

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