Budget: Pressure mounts on government to 'get behind' Britain's EV sector

Michael Holder
clock • 6 min read
Electric vehicles represent a $7tr market opportunity worldwide by 2030 alone, according to BNEF | Credit: iStock
Image:

Electric vehicles represent a $7tr market opportunity worldwide by 2030 alone, according to BNEF | Credit: iStock

Following government confirmation Budget will back new carbon capture projects, the automotive industry warns tax incentives, workforce upskilling, and green energy investment is all needed to stop the UK falling behind in global electric vehicle race

Britain's electric vehicle (EV) sector is under severe threat from growing global competition, and the UK government must act rapidly to boost investment and skills in the sector and curb clean energy...

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

More on Automotive

Electric vehicle sales hit record high following government grant boost

Electric vehicle sales hit record high following government grant boost

Battery electric vehicle sales reached their highest monthly total in September, on the back of the introduction of Electric Car Grant over the summer

Michael Holder
clock 04 October 2025 • 3 min read
Study: EV affordability gap drops to 'all time low'

Study: EV affordability gap drops to 'all time low'

Price difference for new electric and petrol cars dropped from 33 per cent last year to 19 per cent in September, according to new Autotrader analysis

clock 30 September 2025 • 2 min read
SMMT: UK electric car production up 40 per cent in August

SMMT: UK electric car production up 40 per cent in August

Battery electric, plug-in hybrid, and hybrid vehicles accounted for almost half of all cars manufactured in the UK in August

Michael Holder
clock 25 September 2025 • 2 min read