The UK is falling behind on domestic manufacturing of EV batteries, compared to China, Europe and North America.
The government should incentivise domestic production of electric vehicle (EV) batteries and secure investments in gigafactories to develop the automotive industry, ministers have said.
The UK is falling behind on domestic manufacturing of EV batteries compared to the frontrunner China and other countries in Europe and North America.
The report is part of an inquiry into the “gigafactory gap” the UK faces. The government is expected to publish its UK Battery Strategy, which will set out a ten-year plan for scaling-up domestic supply of EV batteries.
“To match our competitors, the UK Government should consider targeting at least 90 percent of the UK’s annual demand for batteries to be met from domestic supplies by 2030,” the ministers said.
Read the full article here