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Hopes for more gigafactories face dead end without more investment

Hopes for more gigafactories ‘face dead end without more investment’ The Automotive Transformation Fund is worth £500 million (John Walton/PA) Ambitions for more electric car battery plants to be planned in the UK could “reach a dead end” without increased financial support, MPs have said. A Government scheme expected to support the establishment of so-called gigafactories is “insufficient”, the Environmental Audit Committee (EAC) warned. The Automotive Transformation Fund is worth just £500 million, but a single gigafactory costs between £2 billion and £4 billion to set up, according to the committee. Register You have reached your limit of free articles, please register for a free account or log in to continue

Coventry battery Gigafactory plans take a step forward, as MPs call for more Government funding

Coventry battery Gigafactory plans take a step forward, as MPs call for more Government funding The developers of a new Gigafactory for electric vehicle (EV) batteries in Coventry have filed a planning application - but MPs are warning that the UK Government s £500m pot for Gigafactory development will need to be scaled significantly. Pictured: An artist s CGI rendering of the proposed Gigafactory, aerial view. Image: Coventry City Council Coventry City Council and Coventry Airport first announced plans to develop the Gigafactory, to be located on the Airport’s estate, this February. The project will need to gain planning permission from Warwick District Council and Coventry City Council, the former of which is not expected to make a decision until later this year. 

Boris Johnson news – live: Details of how PM paid for flat renovation revealed, as Von der Leyen visits Dublin

Boris Johnson news – live: Details of how PM paid for flat renovation revealed, as Von der Leyen visits Dublin
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Green alternatives to gas boilers to cost £12bn more than Government planned

Green alternatives to gas boilers to cost £12bn more than Government planned
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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