Welsh Gov & Ford £1.8m to fund low carbon vehicle tech: A £1.8 million fund is being set up by the Welsh Government & Ford to finance innovation with low carbon vehicle technologies.
The Ford Low Carbon Vehicle Transition Fund is looking to address tactical industrial technical issues connected to low carbon vehicles as well as support businesses to move past building internal combustion engines.
Projects are required to side with one of the Automotive Council roadmaps – electrical energy storage, electric machines, power electronics, fuel cell & lightweight vehicle as well as powertrain arrangement.
There will be a concentration on commercialisation & capitalisation of new products, processes or services & growing volume in low carbon technologies.
Economy Minister Vaughan Gething stated: “The Welsh Government has a clear focus on helping create new green jobs in the industries of the future. We want Wales to be a country that’s at the forefront of innovating new technologies that will benefit people in their day-to-day lives.
“Innovation is absolutely key to the Welsh Government’s low carbon delivery plan & in our response to the climate emergency. So the launch of this new fund by Ford & the Welsh Government is a fantastic opportunity for companies across the country to be at the forefront of creating new, innovative low carbon vehicle technologies.”
New funding will begin for applications on 20th September 2021.
Welsh Gov & Ford £1.8m to fund low carbon vehicle tech