The Government has today announced that the automotive sector will receive a £73.5million investment for advanced technology to cut carbon emissions.
Ten projects across the UK will receive a share of this new investment to develop cutting-edge technology for the next generation of electric taxis, cars and vans – including recyclable batteries, advanced electrical systems and ultra-lightweight components.
Business Minister Nadhim Zahawi said: “Not only will this funding ensure automotive companies can play their part in keeping us on the path to net zero emissions by 2050, it will also support thousands of jobs and be a welcome step towards the industry’s economic recovery.”
Transport Minister Rachel Maclean said: “As we look to kickstart our green transport recovery, new technologies and cleaner fuels are going to play an even greater role in achieving our aim of a greener and more prosperous economy.”
