THE AMERICA ONE NEWS
Jul 14, 2025 |
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#economy
GB News: Labour boosts UK car production with £2.5billion investment to create 'world-leading auto sector'
The UK government has launched the £2.5 billion DRIVE35 program to boost the automotive sector, focusing on zero-emission vehicle production. The initiative aims to create thousands of jobs and provide funding for projects that cut emissions and support high-volume manufacturing.
The program includes £2 billion for funding by 2030 and an additional £500 million for research and development through 2035. This effort aligns with the government's goal to ban new petrol and diesel car sales by 2030, enhancing the UK's position in the global electric vehicle market.