Echion Technologies, which has made a breakthrough in electric vehicle (EV) battery components, is among the recipients of £12 million Government funding announced today (September 9) on the first World EV Day.
The Cambridge-based start-up has replaced graphite with a new material which is capable of charging electric cars in six minutes.
The Government also announced today that is considering a number of recommendations to accelerate EV uptake from a report by the Office for Low Emission Vehicles, which it commissioned.
These include charge points installed at popular destinations such as supermarkets and tourist sites, consistent and clear public signage for drivers on UK roads, and guidance to local authorities on painting EV parking spaces green.
Transport Secretary Grant Shapps (pictured) said: “Whether you’re taking a trip with the family or commuting to work, with the wide range of models at competitive prices, it is now more cost-effective and convenient than ever to drive and charge an electric vehicle.
“This, together with our continued support for R&D, will see talented UK-based SMEs flourish, as well as more than 6,000 skilled jobs created up and down the country.
“This is why, on the world’s first-ever day dedicated to celebrating electric vehicles, I’m delighted to announce our unwavering support for a cleaner, greener transport future.
Business and Industry Minister Nadhim Zahawi added: “From multi-million-pound investments in electric vehicle charging points to consulting on ending the sale of new petrol and diesel cars and vans, we’re making certain that the future of UK transport is green.
“World Electric Vehicle day is a chance to reflect on how far we’ve come as we make strides towards our world-beating net-zero climate target.”