January 27, 2023

Multi-billion public investment in batteries needed to save UK car sector:

Hefty amounts of public funds must be pumped into the battery production sector for electrical vehicles, in particular. Over 33,000 jobs for the UK car industry will be created.  UK needs to scale up battery manufacturing capacity from the current 2 gigawatt-hours per year (GWh/a) to 80 by 2030 in order to safeguard up to 90,000 jobs in the automotive sector. With the private sector committed to a total of £12bn of investment and the government so far chipping in just £1bn, the report concluded that an additional £10.9bn is needed each year until 2030.

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Do you believe these goals will be achieved by the proposed dates?

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