Funding for EV Supply Chain RDD

The government will fund over GBP 30 million to develop research into battery technology, the EV supply chain, and hydrogen vehicles. This investment will help improve and reduce the cost of electric vehicles (EV), support the creation of new jobs, new industries, and the development of green transport technologies.

 

22 studies will receive a share of 9.4 million GBP, including proposals to build a plant in Cornwall that will extract lithium for use in EV batteries, a plant to build specialized magnets for electric vehicle motors in Cheshire, and lightweight hydrogen storage for cars and vans in Loughborough. 

 

The government-backed Faraday Institution is also committing the first year of a GBP 22.6 million program on improving the safety, reliability, and sustainability of batteries.

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