A £38 million Government prize will be divided between 130 companies across the UK, looking to develop ideas and technology on how to reduce emissions and improve the technology that alternatively-fuelled cars use.
The scheme, which is set to provide jobs across the country, will help companies design and export emissions-cutting technology, which can then be offered to countries throughout the world.
A group of companies, which includes Nissan and Jaguar Land Rover, has received a £1.7 million share of the money, which will go towards furthering ‘light weighting’ technology, which will utilise knowledge gained from Formula 1 to keep cars as light as possible. As well as lowering emissions, this weight saving would allow electric cars to travel further on a single charge.
Andrew Jones, Transport Minister, said: “Our £38 million investment will help Britain become a world leader in this exciting and valuable technology sector, creating skilled jobs of the future as part of our long-term economic plan.
“It will also mean lower running costs for motorists and less fuel consumption, which is good for the environment and our economy.
“This competition continues our £600 million commitment by 2020 to support the uptake of ultra-low emission vehicles, making journeys cheaper and greener, ensuring the nation is fit for the future.”
All of the money was generated through the Office for Low Emission Vehicles, as well as Innovate UK.
After completing his university studies in English and Creative Writing in Cardiff, Jack is now a full time motoring writer at Blackball Media. His love of cars stems from his childhood years when he began to live and breathe all-things automotive.
March 23, 2016