UK: Government & Industry pushing for low carbon future
The UK’s first Zero Emission Vehicle Summit took place in Birmingham today with the industry rallying behind Theresa May. The Prime Minister announced 106 million pounds in funding for low carbon technologies, matched by half a billion from businesses. Moreover, the Brexiteers are calling for cooperation.
UK: Funding boost for last-mile cargo e-bikes
The British government announces two million pounds to support the uptake of electric cargo bikes. Westminster hopes the zero emission wheelers will replace vans, particularly when making last-mile deliveries. Details are yet to follow.
Nikola Motor raises $100M for fuel cell trucks in a week
Nikola Motor says they raised over 100 million dollars in just one week. The current round of funding for $200 million is ongoing and will be oversubscribed, says CEO Trevor Milton, if the trend continues. The money is to help Nikola launch and scale its two fuel cell trucks in 2020.
India changing focus of new electric vehicles policy
India’s government is preparing a new EV policy that will move away from a pan-indian into a more focussed approach. Rather than trying to inspire a transition to electric transport nationwide, they are planning to concentrate on pilot projects in major urban centres.
UK: £35M for three low-carbon technology projects
The British government has awarded a total of 35M pounds to three projects involving players such as Nissan and Aston Martin. They are developing low carbon technology with funding through the UK’s Advanced Propulsion Centre (APC) with industry matching the investment.
Scotland: Ever more money to switch to electric cars
The Scottish government has increased funding to programmes that bring them closer to their goal to finish all sales of combustion engine vehicles by 2032. Hence the budget for the Low Carbon Transport Loan has risen from £8m to £20m for 2018/19 with new schemes being introduced.
UK awards 22M GBP to next-gen battery solutions
The UK government’s Faraday Battery Challenge worth 22 million pounds in funding has selected the winning projects. Among them are ultra-fast charging solid-state batteries from partners such as Honda or an electrified drive train from McLaren Automotive.