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UK invests £246m in bid to become world leader in battery technology for EVs
The UK government will today announce its plans to lead the electric revolution and establish the UK as a world leader in battery technology.
As part of the Government’s industrial strategy it will invest £246m over a four year period through a series of competitions aimed at boosting battery technology research and development.
The first phase of investment which will be named the Faraday Challenge, will see the formation of a ‘Battery Institute’ bringing together top talent in the field under the leadership of the Engineering and Physical Sciences Research Council.
Once created Innovate UK, the Government’s innovation agency will help to move new innovations into the market place.
Les Hewlett, Head of Automotive at Matchtech comments:
“Today’s announcements are a positive move by the Government and represent an exciting advancement for the automotive industry. The developments created through the Faraday Challenge will help to further the existing efforts of the industry to propel the electric vehicle revolution and help the UK become a true leader in this field. Battery specialists are already in increasing demand within the automotive sector and will be crucial in the UK’s efforts to achieve this status.”
Today it is also expected that business secretary Greg Clarke will confirm the launch of the third autonomous vehicles research and development competition as part of his first public address on the Government’s industrial strategy.
You can find out more by viewing the full article on the Autocar website.
If you’re interested in jobs within the hybrid and electric vehicle market, you can browse and apply for the latest vacancies with engineering consultancy Ricardo here.