The UK will provide £89m of funding to drive forward its goal of becoming a world leader in zero-emissions vehicle technology.
The funding package includes four collaborative R&D projects, five scale-up projects to assess if businesses in the automotive sector are ready for growth, and seven feasibility studies to prepare projects to develop large-scale manufacturing facilities in the UK.
The initiatives include Aston Martin’s plans to develop a luxury battery EV platform and Perkins’ project to develop a hydrogen-hybrid integrated power system for off-road vehicles.
It is estimated that the projects combined will ‘create or safeguard’ more than 4,700 jobs while saving up to 65 million tonnes of CO2 from being emitted over the next decade.
The funding has been awarded through the Advanced Propulsion Centre UK (APC). The government will provide £45.2m of this investment, backed by a further £42.7m from the automotive industry.
“Together with industry...