Report urges more UK EV incentives
A report published today by Imperial College London’s Grantham Research Institute and the Centre for Economic for Performance at the LSE is urging policy makers to be more proactive in supporting the UK’s electric vehicle (EV) sector.
The report says that UK-based manufacturing of selected zero-emission and autonomous vehicle components could be worth £16.8 billion by 2030 and sustain 80,000 jobs.
However, it also warns that without “strategic action”, the UK risks lagging behind countries such as Germany and China, named current world-leaders in EV manufacturing innovation.
A survey released by renewable energy firm Tonik this week found that three-quarters of UK drivers are either committed to buying an electric vehicle or have the intention to transition in the future.