Budget: Pressure mounts on government to 'get behind' Britain's EV sector

Michael Holder
clock • 6 min read
Electric vehicles represent a $7tr market opportunity worldwide by 2030 alone, according to BNEF | Credit: iStock
Image:

Electric vehicles represent a $7tr market opportunity worldwide by 2030 alone, according to BNEF | Credit: iStock

Following government confirmation Budget will back new carbon capture projects, the automotive industry warns tax incentives, workforce upskilling, and green energy investment is all needed to stop the UK falling behind in global electric vehicle race

Britain's electric vehicle (EV) sector is under severe threat from growing global competition, and the UK government must act rapidly to boost investment and skills in the sector and curb clean energy...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Scotland revs up plan to deliver 24,000 new EV charge points by 2030

Scotland revs up plan to deliver 24,000 new EV charge points by 2030

Scottish government publishes Draft Implementation Plan setting out how it intends to ease barriers to charge point installation

James Murray
clock 17 December 2024 • 2 min read
Octopus Energy and Sainsbury's Smart Charge announce EV charging partnership

Octopus Energy and Sainsbury's Smart Charge announce EV charging partnership

More than 500 ultra-rapid EV chargers at 68 Sainsbury’s stores now available through Octopus Electroverse

Stuart Stone
clock 16 December 2024 • 3 min read
Business groups slam 'short-sighted' demands to water down EV targets

Business groups slam 'short-sighted' demands to water down EV targets

Trade associations ChargeUK, the REA, UKSIF, and BEAMA issue joint statement urging government to stick with ZEV Mandate targets, despite opposition from parts of the auto industry

Michael Holder
clock 16 December 2024 • 5 min read