Home | LATEST NEWS | PM announces £106 million funding boost at Zero Emission Vehicle (ZEV) Summit
PM announces £106 million funding boost at Zero Emission Vehicle (ZEV) Summit
PM announces £106 million funding boost at Zero Emission Vehicle (ZEV) Summit

PM announces £106 million funding boost at Zero Emission Vehicle (ZEV) Summit

The Prime Minister has unveiled a £106 million funding boost for the research and development of green vehicles, new batteries and low carbon technology at the Zero Emission Vehicle (ZEV) Summit.

At the event in Birmingham – the country’s first ever summit of this kind – Theresa May outlined the “ambitious mission” of the government to ensure the UK is at the forefront of the design and manufacture of zero emission vehicles, which is part of the Industrial Strategy outlined last year.

The Prime Minister also used the Zero Emission Vehicle (ZEV) Summit to host an automotive roundtable with supply chain companies from countries including the USA, Germany, Japan, China, Spain and India to gain insight and ideas that will result in the acceleration of the zero emissions market.

The government’s Clean Air Strategy has already made clear that there is a priority to reduce pollution; in addition to the Road to Zero Strategy that is aimed at expanding green infrastructure throughout the country, it highlights the aims of this government, which the new package of funding unveiled at the Zero Emission Vehicle (ZEV) Summit will help to accelerate.

An international declaration has also been unveiled by the government that will forge the way for worldwide deployment of green vehicles, as well as the introduction of smart, zero emission infrastructure.

A further investment of £500 million from the wider investment will drive the design and use of this zero emission technology, also creating over 1,000 jobs in the UK.

The Prime Minister commented: “I want to see Britain, once again, leading from the front and working with industries and countries around the world to spearhead change.

“That is why I have set this country an ambitious mission. To put the UK at the forefront of the design and manufacturing of zero emission vehicles, and for all new cars and vans to be, effectively, zero emission by 2040.

“Already, we are taking significant strides forward. Our electric UK-manufactured cars account for one-in-five sold in Europe. Our batteries are among the best in the world.

“We have provided over £100 million of funding for innovators in ultra-low emission vehicles and hydrogen technology.”

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