UK launches USD1.2 billion Automotive Transformation Fund for vehicle electrification

Policy & Regulation

Program is expected to support the industrialization of a high-value, electrified automotive supply at scale in the UK

The UKhas launched a EUR1 billion (USD1.2 billion) Automotive Transformation Fund for R&D and capital projects in the field of vehicle electrification, the government announced on its Innovation Funding Service website.

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