By Liz Nickels
The investment will include £100 million for research and development in ULEV to improve the UK’s development of electric vehicle technologies.
“The UK has the potential to emerge as a world leader in the development, design and manufacture of green vehicles,” said Nick Clegg, deputy prime minister.
“The move towards a low carbon vehicle future must be built around the three pillars of consumer incentives, strategically focused infrastructure and increased leverage for R&D support,” commented Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT). “We therefore welcome this announcement which reflects that balanced approach but, significantly, seek to incentivise technical developments in all segments of road transport, not just passenger cars.”
The automotive industry is currently worth £11.2 billion to the UK economy.
