In this age of global supply chains such an apparently old-fashioned approach seems illogical. Senior representatives of the automotive and chemicals sectors came together last night to consider the case for a UK battery industry. They discussed a report, prepared by E4tech, which showed that UK electric vehicle making is set to grow rapidly and that the automotive industry would strongly prefer UK-built batteries to keep supply chains short and shipping costs down. The UK chemical industry is ready to respond and, perhaps surprisingly, many of the chemicals and materials needed are already available in some form in the UK. What is needed is coordination to unlock a supply chain opportunity worth around £5 billion per year by 2030.
E4tech’s report is available here and further information about our work in low carbon transport, batteries and other energy technologies can be found at www.e4tech.com. If you would like to discuss, please contact Adam Chase.