Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 13
13
Paragraph: 62
Implement an internationally competitive package of long-term support for gigafactories and battery supply chain.
Conclusion
Global competition for the electric vehicle supply chain has intensified following the passing of the Inflation Reduction Act in the United States. The Inflation Reduction Act has seen investment flow into the electric vehicle supply chain, especially gigafactories, in the United States at the expense of Europe. The UK Government must urgently respond to this intensified global competition with an internationally competitive package of long-term support to attract private investment into gigafactories and the wider battery supply chain within the UK.
Paragraph Reference:
62
Government Response
A response document is linked to this report, dated 14 February 2024. Response attribution to this conclusion has not been verified. Read the response document ↗