Business Secretary announces investment to accelerate commercialisation of low carbon vehicles
The Business Secretary, Vince Cable, announced recently that the government will invest, at least, a further £15 million in projects to accelerate the commercialisation of low carbon vehicles.
Speaking at the Innovate11 conference and exhibition in London, the Business Secretary said research and development projects, funded by this investment, will focus on making progress in energy storage and management, lightweight vehicle and powertrain structures and reducing costs in the supply base.
The investment will be delivered through a funding competition, managed by the Technology Strategy Board, working with the Office for Low Emission Vehicles. Details of the funding competition are still to be finalised and will be announced by the Technology Strategy Board soon.
The competition is likely to open for proposals in January 2012 and will lead to investment in highly-innovative, industry-led collaborative research and development projects that will achieve significant cuts in road transport CO2, strengthen the UK’s low carbon capabilities and bring low carbon vehicle technologies through onto the UK’s roads more quickly.
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