To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress the Government has made in the development of UK supply chains for large scale production of electric vehicles.
26 February 2021
As part of my Rt. Hon. Friend the Prime Minister’s 10 Point Plan for a green industrial revolution, nearly £500m of capital and R&D funding for the Automotive Transformation Fund will be made available in the next four years to build an internationally competitive electric vehicle supply chain in the UK. The funding is the first part of the up to £1 billion committed by the Government to ensure that the UK takes advantage of this once in a generation opportunity. Securing battery cell manufacturing (gigafactories) is a priority, with further targeted investment in motors, drives, power electronics and hydrogen fuel cells. This will not only improve the air quality in our towns and cities, but also help protect existing jobs in the automotive sector, including in our industrial heartlands.
Additionally, the Government and industry have committed around £1 billion over 10 years to 2023 through the Advanced Propulsion Centre to develop low and zero carbon vehicle technologies. The Government is also investing £318m through the Faraday Battery Challenge to develop the next generation of electric batteries, and nearly £80m through the cross-sector Driving the Electric Revolution programme to build the power electronics, motors, and drives supply chain.