Poll: How should we supercharge a UK battery supply chain?
Whilst the UK's battery gigafactory ambitions are accelerating at pace, the establishment of supply chains for the raw materials will be key to delivering on this vision. In this week's poll we're asking how this could be achieved?
The UK is in danger of missing out on the global supply chain market for EV batteries, which is projected to be worth $116 to $278bn by 2030.
This is one of the conclusions of a report published today by the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport (CDRT), which highlights the actions that should be taken now for the UK to become a major force in the battery supply chain.
The UK currently produces around 2GWh of battery capacity per annum but will need to ramp up to over 90GWh a year by 2030 to maintain a car industry at its current size, according to the Advanced Propulsion Centre (APC). APC’s Ian Constance said delivering growth on this scale requires a healthy appetite to invest significant capital, and CDRT’s report points out that the right balance of policy and support is essential to secure investor confidence in the UK EV sector.
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