Car industry will collapse without £100bn battery investment, No 10 warned
The Independent|September 22, 2022
The government must pump tens of billions of public money into "gigafactories" that produce batteries for electric vehicles to secure the future of the UK car industry, a new report has found.
ANDREW WOODCOCK
Car industry will collapse without £100bn battery investment, No 10 warned

As the world switches from petrol and diesel, the 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, found the report from think tank Common Wealth. And the report, seen by The Independent, warned that the state will have to deliver the lion’s share of an estimated £100bn investment over the next eight years or risk thousands of high-skilled jobs being offshored” to other countries.

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. Ministers have previously indicated that they want the private sector to “lead the charge” towards mass ownership of zero-emission vehicles. But yesterday’s report warned that leaving investment decisions to the market will expose the UK to the risk of offshoring capacity and jobs.

هذه القصة مأخوذة من طبعة September 22, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 22, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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