The UK Government Department for Business, Energy and Industrial Strategy has today announced an Automotive Sector Deal, which includes plans for the electric vehicle (EV) sector and the expansion of charging points.
The ten year partnership will see investment of nearly half a billion pounds alongside an £80million commitment to battery technology with the creation of a automotive battery development centre in Coventry.
The government also announced that a large chunk of the investment will be in research and development as it believes the sector will see “more change than in the previous hundred”.
A commitment has also been made in terms of infrastructure as the UK moves to install more EV charging stations across the country.
Greg Clark, secretary of state for business, energy and industrial strategy, said: “This first Automotive Sector Deal builds on the longstanding partnership between the government and industry, brought to life through the Automotive Council and will be followed by further commitments.
“This investment marks yet another step forward on our journey towards mass producing electric batteries and vehicles here in the UK. The deal also aims to create a world-leading testing environment for Connected and Autonomous Vehicles”.