The government will fund over GBP 30 million to develop research into battery technology, the EV supply chain, and hydrogen vehicles. 22 studies will receive a share of 9.4 million GBP, including proposals to build a plant in Cornwall that will extract lithium for use in EV batteries, a plant to build specialized magnets for electric vehicle motors in Cheshire, and lightweight hydrogen storage for cars and vans in Loughborough. The government-backed Faraday Institution is also committing the first year of a GBP 22.6 million program on improving the safety, reliability, and sustainability of batteries. View Details >