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

All new cars are required to be zero-emission by 2035

The British government has allocated nearly £130 million (US$175 million) in funding for zero-emission vehicle technologies, with almost £65 million in public money and the remainder coming from the industry. The funding aims to support the development and scaling of zero-emission vehicle technologies, with £50 million designated for auto firms and research partners.

Additionally, £17 million will be invested in nine connected and automated mobility projects, covering areas such as sensors, brake-by-wire systems, and AI simulation. Industry Minister Blair McDougall stated that Britain aims to ensure that the next generation of vehicles are designed and built within its borders. The UK has committed to ending sales of new petrol or diesel-powered cars by 2030, with all new vehicles required to be zero-emission by 2035.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businesstimes.com.sg →

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