UK ELECTRIC VEHICLE AND BATTERY PRODUCTION POTENTIAL TO 2040
A study, commissioned by the Faraday Institution and produced in consultation with experts from McKinsey Energy Insights and the University of Oxford, answers the question, "What is the maximum opportunity for EV and battery cell production to be based in the UK by 2030 and 2040, and what actions need to be taken now, and by whom, to ensure that this opportunity is captured?”
Under the study's three scenarios, UK and EU demand for UK-produced batteries could reach between 60 and 200 GWh per year by 2040 (equivalent to 4 - 13 "gigafactories" – large, high volume, battery manufacturing facilities).
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For further details please contact Stephen Gifford, Head of Economics and Market Insights, the Faraday Institution (email, +44(0)1235 425300).