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BBCNEWS World Business Report January 21, 2022 05:43:00

The uk has pledged to ban the sale of fossil fuel cars in 2030. but it s lagging behind rivals in europe and asia in electric vehicle infrastructure and investment. theo leggett reports. a windswept building site in northumberland. in a few years this will be home to the u.k. s first gigafactory. if all goes to plan, britishvolt s giant facility will be capable of making 300,000 batteries for electric vehicles every year. now the project has the government s seal of approval in the form of funding worth £100 million. that, in turn, has helped the project raise another £i.7 has helped the project raise another £1.7 billion from private investors.- private investors. the fantastic private investors. the fantastic thing - private investors. the fantastic thing today i private investors. the | fantastic thing today is private investors. tie: fantastic thing today is the announcement of government support for the project. from the atf the automotive transformation fun. and what that al ....

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BBCNEWS World Business Report January 21, 2022 05:42:00

Look at the scenarios of the energy mix under the european deal, gas plays a role well after 2030. deal, gas plays a role well after2030. but deal, gas plays a role well after 2030. but these considerations on the energy mix should not be mixed with these other considerations on what should be considered as green and not by an investor. so i think there is a little confusion out there and i think that the risk ultimately is that the risk ultimately is that this taxonomy would not represent the global standard that the european union wanted to represent in order to be a climate leader globally, also in the european green deal. thank you for your time. let s stay with green technology because start up firm britishvolt has won uk government backing for a gigafactory to make electric vehicle batteries in the north of england. ....

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