Charging an electric car
Mario Gutiérrez. | Moment | Getty Images
The U.K. government has announced £80 million ($99.7 million) of investment to develop the “next generation of electric vehicles” and, potentially, hybrid aircraft.
Authorities said Monday that the funding would, among other things, help to reduce carbon emissions from industries including transport, construction and energy.
Industry and academia are set to lead the development of the new technologies, which the government referred to as power electronics, electric machines and drives (PEMD). These are a range of products that can be used to convert fossil fuel-based systems into electric ones using batteries or other electrical sources.
The investment comes under the umbrella of something called the Industrial Strategy Future of Mobility Grand Challenge. Targets of this challenge include getting rid of diesel rolling stock from the U.K.’s railways by 2040 and delivering zero-carbon road transport by 2040.