Future electric vehicles: new Faraday battery challenge funding

Wednesday, 12 September 2018 12:44

A £25 million funding competition will offer grants to innovative businesses with projects to develop batteries for future electric vehicles. Funding is provided by UK Research and Innovation and delivered by Innovate UK. A growing demand and global market There is growing global demand for fully electric and zero emission vehicles, with the market estimated to be worth £5 billion in the UK and £50 billion in Europe by 2025. The Faraday battery...Request free trial