A new fund for burgeoning electric vehicle technology has been launched by the Department for Transport as the government aims to put the UK at the forefront of zero-emissions technology.
The Transitioning to Zero Emissions Vehicles initiative is an £18m pot which innovative companies can bid for to help develop electric vehicle development forward.
“Investing in innovation is crucial in decarbonising transport, which is why I’m delighted to see creative zero-emission projects across the UK come to life,” said Transport Secretary Grant Shapps.
“The funding announced today will help harness some of the brightest talent in the UK tech industry, encouraging businesses to become global leaders in EV innovation, creating jobs and accelerating us towards our net-zero ambitions.”
The government has also pledged a further £2m for smaller businesses and organisations to support innovation for research into low-carbon technology.
It’s not the first time that UK business has been encouraged to bid for funds, previous schemes have seen the development of a zero-emission ambulance for the London Ambulance Service, and a pop-up charger solution for discreet and effective EV charging.
Simon Edmonds, Deputy Executive Chair and Chief Business Officer, Innovate UK said:
“Innovations to increase the uptake of zero-emission vehicles will make our air cleaner while supporting innovative UK businesses. Innovate UK has played a crucial role in helping businesses bring their innovations towards reality and we urge those innovators with bright ideas to apply for this vital funding.”