The Lotus Evija all-electric hypercar will go into production in 2020. © Lotus Cars
The Lotus Evija all-electric hypercar will go into production in 2020. © Lotus Cars

£80m fund to decarbonise industry

The government has announced an £80m investment to decarbonise industries and improve electronic technology supply chains.

The fund will provide opportunities to develop electronic technology for automotive, aircraft and smart grid industries.

Programmes will address gaps in supply chains for electric vehicles, develop improved industrial centres, and increase efficiency of supply chains through new machinery and manufacturing techniques.

The £80m comes from the Department for Business, Energy and Industrial Strategy via the public funding body Innovate UK, a part of the UK’s Research and Innovation organisation. 

Professor Sir Mark Walport, chief executive at UK Research and Innovation, said: “Driving the electric revolution will strengthen the UK’s capability to deliver next generation electric vehicles, hybrid aircraft and smart grids. It will ensure these industries, both large and small, are rooted here in the UK attracting inward investment into our manufacturing base.”

The project aims to reduce carbon emissions across many industries, including transport, energy, agriculture and construction. The private sector and academic experts have collaborated to enable technological advancements.

Some 130 businesses have shown interest in the challenge to develop power electronics, electric machines and drives technology.

The work is part of the government’s Future of Mobility Grand Challenge, which includes low carbon emissions goals such as achieving zero carbon road transport and accelerating the delivery of electric and hybrid aircraft by 2040.

Meanwhile, Lotus has confirmed its first all-electric hypercar, the Lotus Evija, which will be engineered in 2020 at the Lotus Hethel Factory in Norwich. The car manufacturer has limited production to 130, and each car is priced from £1.7m. Williams Advanced Engineering developed the Lotus Evija's all-electric powertrain. 

The hypercar has a power output of 2,000 PS (1,972 bhp), with a top speed of over 200mph, setting “new standards in terms of advanced EV engineering”, according to Lotus. It travels from 0-62mph in less than 3secs. It is also expected to be the lightest all-electric hypercar in production due to the use of ultra-lightweight carbon fibre monocoque and an efficient system, with a target weight of 1,680kg.

 Want to stay up to date with the news? Sign up to our daily bulletin.

LATEST
JOBS
Council House, Manor Square, Solihull B91 3QB
Up to £75K
Solihull Metropolitan Borough Council
Barrow-In-Furness and Frimley
£Competitive and Dependent on Experience
BAE Systems
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE