Tag Archives: boost ultra low emission vehicle industry

UK to invest $841M from 2015-2020 to boost ultra low emission vehicle industry

The UK government announced plans to invest £500 million (US$841 million) between 2015 and 2020 to boost the ultra low emission vehicle (ULEV) industry and help drivers both afford and feel confident using electric cars.The automotive industry is worth £11.2 billion (US$18.8 billion) to the UK economy, the government said.