Move to electric cars could deliver £24bn boost to UK economy by 2025

Posted on 22 Jun 2020 by Jonny Williamson

The move to electric vehicles offers a potential £24bn growth opportunity to the UK economy over the next five years, according to new research by the Advanced Propulsion Centre, released to coincide with government pledges around a ‘green recovery’.

With 100% of passenger cars requiring some form of electrification by 2030, the forecast industrial revolution in the automotive industry is crucial to the UK economy. The Advanced Propulsion Centre (APC) report identifies 12 key opportunities for UK industry in the future manufacture and supply chain for electric vehicles. While the research found that the…

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