Labour promises £6bn investment blitz to drive electric vehicle revolution

James Murray
clock • 4 min read

Party says plans to support wave of new factories will safeguard 186,000 jobs and revive an auto sector 'under siege'

Labour has today continued its blitz of green policy announcements, unveiling plans to invest up to £6bn in the UK's fledgling electric vehicle (EV) supply chain. Shadow Business, Energy and Industrial...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

Global Briefing: China signals intent to double clean energy by 2035

Less than efficient

More on Automotive

'Another barrier to EV adoption just fell': New data shows average EV now cheaper than petrol models
Automotive

'Another barrier to EV adoption just fell': New data shows average EV now cheaper than petrol models

AutoTrader confirms average prices for new electric cars advertised on online car marketplace are now almost £800 lower than the average price for petrol models

Michael Holder
Michael Holder
clock 17 April 2026 • 5 min read
Iran War: UK's EV drivers could save £1.5bn in running costs over the next year
Automotive

Iran War: UK's EV drivers could save £1.5bn in running costs over the next year

EV drivers will pay an estimated £1bn to power their vehicles over the next year, compared to £2.5bn if they used petrol or diesel, Green Alliance analysis claims

Stuart Stone
Stuart Stone
clock 14 April 2026 • 4 min read
'It's a tipping point': Octopus EV reports near-90 per cent surge in leasing orders
Automotive

'It's a tipping point': Octopus EV reports near-90 per cent surge in leasing orders

Electric car leasing firm claims UK orders surged in March, as drivers and businesses seek to avoid soaring petrol pump prices

Michael Holder
Michael Holder
clock 13 April 2026 • 4 min read