With the government clean growth strategy committing to end the sale of conventional petrol and diesel cars and vans by 2040, there’s a growing demand for fully electric and zero emission vehicles. The market is estimated to be worth £5 billion in the UK and £50 billion across Europe by 2025.
For these next-generation vehicles, we need batteries that are more cost-effective, durable and safe, of lower weight and higher performance. They should also be recyclable.
This challenge will support the design, development and manufacture of batteries. The £246 million investment will support research and innovation projects and new facilities that scale-up and advance production, use and recycling.
As well as battery development for the automotive sector, this challenge will have crossover for other applications and opportunities presented by the low carbon, electrified economy.
The Faraday Challenge – part of the Industrial Strategy Challenge Fund