UK announces nearly £130 million funding for zero-emission vehicle technology
Almost £130 million will back zero-emission vehicle projects and nine automated mobility trials, with industry matching nearly £65 million, officials said.
- On Monday, the Government announced nearly £130 million to develop zero-emission vehicle technologies, supporting more than 1,800 manufacturing jobs across Britain.
- DRIVE35, described by the Government as the largest investment in the UK car industry since the post-war period, commits £4 billion through 2035 to accelerate electrification.
- Nearly £65 million of government funding is matched by industry, while £17 million supports nine Connected and Automated Mobility Pathfinder projects, following £100 million in earlier grants.
- Companies including Bentley and Turntide Technologies are among beneficiaries across the North East and West Midlands, with Ian Constance, Chief Executive at the Advanced Propulsion Centre, saying the investment strengthens Britain's capability to build future vehicles.
- According to the Society of Motor Manufacturers and Traders , the connected and automated mobility sector could contribute around £66 billion to the UK economy by 2040, underscoring the industry's long-term significance.
24 Articles
24 Articles
UK unveils £130m public-private fund for zero-emission vehicle tech
The British government announced nearly £130 million ($175 million) in funding for zero-emission vehicle technologies on Monday, with almost £65 million in public money and the rest provided by the industry. Nearly £50 million in government funding awarded to auto firms and research partners to develop and scale zero-emission vehicle technologies. A further £17 million […]
£130m investment announced for next-generation vehicles
Almost £130 million is being invested in the UK automotive industry to develop zero-emission vehicle technologies and support more than 1,800 manufacturing jobs, the Government has announced. The funding, delivered through the Government’s Modern Industrial Strategy, will support projects ranging from electric vehicle technology to connected and automated vehicles.
UK government announces £130m investment in automotive tech
Bentley, Nissan and more will receive investment as industry transitions towards electric and connected cars The UK government has announced a £130 million investment in the nation’s automotive industry, in a bid to speed up its transition to building electric vehicles. Half the investment has been provided by the public purse, and it will be matched by the industry. Among the biggest names to receive investment are Bentley, Nissan and electric …
Electric car revolution boosted by extra funding to protect UK businesses and thousands of jobs
Electric car companies across the UK are set to benefit from new funding to boost the nation's transition to zero emission vehicles.Around £65million in investment will be provided for businesses producing zero emission vehicles as the Government aims to protect thousands of jobs across the sector.The funding will come from the Government's Drive35 programme, with £130million of funding in total. Half will come from the Government, while the oth…
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