UK announces nearly £130 million funding for zero-emission vehicle technology

The British government announced nearly £130 million (US$175 million) in funding for zero-emission vehicle technologies, with almost £65 million in public money and the rest provided by industry. Nearly £50 million in government funding will support auto firms and research partners, and £17 million will go to nine connected and automated mobility projects. Industry Minister Blair McDougall said the funding aims to ensure the next generation of vehicles is designed and built in Britain, which plans to end sales of new petrol and diesel cars by 2030 and require all new cars to be zero-emission by 2035.

UK announces nearly £130 million funding for zero-emission vehicle technology All new cars are required to be zero-emission by 2035 LONDON The British government announced nearly £130 million US$175 million in funding for zero-emission vehicle technologies on Monday Aug 10 , with almost £65 million in public money and the rest provided by the industry. Nearly £50 million in government funding will be awarded to auto firms and research partners to develop and scale zero-emission vehicle technologies. A further £17 million injected into nine connected and automated mobility projects, covering technologies including sensors, brake-by-wire systems and AI simulation. “Britain invented the modern motor industry and we’re determined to ensure the next generation of vehicles are designed and built here too,” Industry Minister Blair McDougall said in a statement announcing the funding. Britain is committed to ending sales of new cars powered solely by petrol or diesel from 2030, with all new cars required to be zero-emission by 2035. REUTERS Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Share with us your feedback on BT's products and services