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UK boosts funding for low emissions vehicles

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UK boosts funding for low emissions vehicles

UK boosts funding for low emissions vehicles
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Simon Dawson(Reuters)
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LONDON (Reuters) - Britain announced on Monday an extra 106 million pounds ($138 million) in funding to help boost the research and development of environmentally-friendly vehicles, batteries and low-carbon technology.

Executives and politicians will gather in Birmingham on Tuesday for a Zero Emission Vehicle Summit as the government hopes to make Britain a world-leading country in low emissions technology.

A series of investments totalling more than 500 million pounds are also being announced by a number of companies, including Aston Martin, which will create over 1,000 new jobs.

"These measures will drive the design, use, uptake and infrastructure necessary for cleaner, greener vehicles – and in doing so, it will help us drastically reduce a major contributor to our global warming emissions," Prime Minister Theresa May said in pre-released excerpts of comments she is set to make.

May will also host a roundtable discussion at the conference with supply-chain companies from Germany, the United States, Japan, China, Spain and India to help boost demand as Britain tries to encourage inward investment as it leaves the European Union.

($1 = 0.7680 pounds)

(Reporting by Costas Pitas, editing by Ed Osmond)

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