The UK government has unveiled its Battery Strategy, which is a pivotal roadmap to enhance domestic supply chains for electric vehicles (EVs), and diminish reliance on Chinese-made batteries.
Emphasising international collaboration and market access for critical minerals, the strategy aims to create an environment welcoming to foreign investment while carefully assessing national security implications.
Allocating £2 billion for capital, research and development funding until 2030, the strategy focuses on supporting zero emission vehicles, batteries and their supply chains.
Notable investments include:
A Battery Strategy Taskforce will continue advising on implementation, emerging risks and opportunities for the UK government.
Nusrat Ghani, Minister of State for Industry and Economic Security at the Department for Business and Trade, and Minister of State for the Investment Security Unit at the Cabinet Office, said: "The government’s 2030 vision is for the UK to have a globally competitive battery supply chain that supports economic prosperity and the net zero transition".
"The UK will be a world leader in sustainable battery design and manufacture, underpinned by a thriving battery innovation ecosystem".
"Batteries represent one of the highest growth clean energy sectors and the UK is well placed to reap the rewards thanks to its comparative advantage in research and advanced manufacturing".
