UK government announces investment in electric and hybrid battery research

The UK Government has announced an investment of £9 million (US$14.4 million) with a further £4 million (US$6.3 million) from industry into new Energy Storage R&D Centre which will work to accelerate the development of the next generation of batteries for electric and hybrid vehicles. The Department for Business, Innovation and Skills hopes that the new £13 (US$20.7 million) million centre, which will be based at the University of Warwick, will help the UK to capitalise on the growing electric and hybrid ve
September 7, 2012 Read time: 2 mins
The UK Government has announced an investment of £9 million (US$14.4 million) with a further £4 million (US$6.3 million) from industry into new Energy Storage R&D Centre which will work to accelerate the development of the next generation of batteries for electric and hybrid vehicles.

The Department for Business, Innovation and Skills hopes that the new £13 (US$20.7 million) million centre, which will be based at the University of Warwick, will help the UK to capitalise on the growing electric and hybrid vehicle battery market, which it has been estimated will be worth £250 million (US$ 398.6 million) to the country by 2020.

The centre is the latest move by Government to secure future growth opportunities for the UK’s automotive sector, building on its £400 million (US$637.7 million)commitment over the next four years to supporting electric cars and other ultra-low carbon vehicles.

Business Minister Michael Fallon said: “I’m pleased to announce this joint Government and industry project to develop an energy storage R&D centre at the University of Warwick. It will put the UK in a much stronger, competitive position to capitalise on a growing worldwide market for low carbon vehicles, alongside other world leaders in the field including the United States, Japan and Germany. “

Related Content

  • When caring about sharing is good business for US automakers
    October 28, 2015
    Although car-sharing and ride-sharing could drastically reduce car sales, David Crawford finds some US automakers are keen to participate in the sharing economy. Growing consumer interest in car- and ride-sharing, as opposed to outright ownership, and ride-sharer Uber’s recently stated intention to make its brand competitive with ownership on cost, are making the major US automotive manufacturers think seriously about their future sales prospects. Some have already begun exploring ways of entering the field
    Read More
  • Visionary UK strategy ‘needed to unblock benefits of new motoring technologies’
    March 6, 2015
    The UK government Transport Select Committee has called for a Visionary UK strategy to maximise benefits of new motoring technology in its report, Motoring of the Future. The committee says new automotive technologies could unblock congested highways, deliver a step change in road safety and provide the basis for rapid industrial growth, but the Department for Transport (DfT) will need to develop a comprehensive strategy to maximise the benefits of new motoring technology, such as telematics and driverless
    Read More
  • Popularity of semi-autonomous vehicles helping to drive the LiDAR sensor market, say researchers
    June 9, 2017
    Research published by MarketsandMarkets predicts that the LiDAR sensor automotive market is expected to grow from an estimated US$735 million in 2025 to a projected US$2,557 million by 2030, at a CAGR of 28.32 per cent during the forecast period.
    Read More
  • Insight into China's smart cities initiatives
    April 25, 2013
    Schneider Electric, which has been playing an active role in smart transportation systems in China since 1990, provides an insight into smart city initiatives in the country. Today, most cities across the world are facing unprecedented growth, which questions the viability of the current development model. They are immersed in a competition with each other, both domestically and internationally, in terms of investments, jobs and talents. Cities need to become more attractive and intelligent by becoming more
    Read More

Highlighted Content