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22 Jun 20201 minute read

EVs set to supercharge economy

ECAtoday
EVs set to supercharge economy

A continued rise in electric vehicle uptake in the UK could deliver a £24bn boost to the economy over the next five years, according to a report by the Advanced Propulsion Centre (APC), a joint government and industry backed research and development venture which was set up in 2013 to help accelerate the shift to net zero road transport.

However, the report adds that the automotive industry and its supply chains must ramp up capacity 10-fold in order to meet growing demand.

APC CEO Ian Constance said to BusinessGreen, "The electrification of vehicles is happening at pace, but if we are to deliver on our 2035 goals, and take our place as world-leaders, the supply chain will need to expand more rapidly - our research predicts up to 10-fold in the next five years.”

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