Low carbon vehicles get £73.5m government investment: £73.5 million governmental investment is heading for the UK automotive sector for advanced technology to reduce carbon dioxide emissions.
Companies from Newcastle to Newport will research and develop recyclable batteries, low carbon technologies and motors for cars, electric taxis and vans.
Businesses set to benefit include BMW Motorsport for cost-efficient powertrains, Ford Technologies for a project using lightweight materials in vehicle manufacturing, the London Electric Vehicle Company, manufacturer of electric taxis and Jaguar Land Rover for a hydrogen fuel cell vehicle.
The grants aim to safeguard 14,000 jobs and contribute to the recovery of the UK economy and the automotive sector.
Nadhim Zahawi, Business Minister, said: “Whether it’s researching future battery design or creating a lightweight version of the Ford Transit, companies in every part of the United Kingdom are leading the world in advanced automotive technology.”
Rachel Maclean, Transport Minister commented: “From recyclable batteries to state-of-the-art motors, not only will this funding create thousands of jobs, it will also bring us one step closer to achieving our net zero target within 30 years.”
Low carbon vehicles get £73.5m government investment