The Government is sticking by its deadline.unless capacity is significantly ramped up.
The Automotive Transformation Fund was formed in 2020 to improve the supply chain around EV engines and other components as part of a Government initiative preparing for the ban on the sale of new petrol and diesel cars in 2030.Jaguar Land Rover. As part of the arrangement, the Indian business agreed to build a gigafactory in the UK, set to employ 4,000 people. Sources claim that the deal will likely see subsidies of £500m to support the plant, which is set to produce hundred of thousands of EV batteries a year.
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