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Calls for the UK to capitalise on the opportunity for EV battery gigafactories
Plans have been outlined to build gigafactories in the North East and elsewhere, but significant challenges remain
13:19, 17 MAY 2021
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Turn the clock back 12 months and it’s fair to say that the term ‘gigafactory’ was not in wide usage.
That changed substantially at the end of last year when start-up company Britishvolt pledged to create 3,000 jobs, plus thousands more in the supply chain, with plans for a gigafactory to make batteries for electric vehicles at Cambois, near Blyth in Northumberland.
Your company cars should all be electric
The hows, and whys of electrifying your fleet
Switching
1. Cost Savings
The number one reason fleets go electric is to save costs on multiple fronts. The most obvious of these is fuel, but electric cars can also escape the city center fees and steep parking prices imposed by over forty European cities in a bid to curb congestion and pollution. Going electric can save a fleet thousands each year. Â
Tax incentives, government grant schemes and an overall drop in market prices meanyou can often get a superior, more suitable EV for the same price as an internal combustion engine (ICE) vehicle. With ICE passenger vehicles and van sales banned from 2030 in the UK and 2035 in the European Union, the resale value of ICE fleets is expected to decline steadily, creating another incentive.â¯â¯Â