In a landmark move, the UK has launched its inaugural battery strategy in conjunction with the Advanced Manufacturing Plan, underscoring the crucial significance of high-capacity, reliable rechargeable batteries across various sectors and industries in achieving sustainability.
As manufacturing capacity expands in the major electric car markets, we expect battery production to remain close to EV demand centres through to 2030, based on the announced pipeline of battery manufacturing capacity expansion as of early 2024.
Envisioning a global competitive advantage in sustainable battery design and production by 2030, the UK aims to foster economic prosperity while spearheading innovation in the burgeoning battery innovation ecosystem.
Recent policy developments have included a consultation on the Australian Made Battery Plan, which sets out an AUD 100 million (Australian dollars) (USD 65 million) budget proposal for domestic battery manufacturing projects in Queensland, and on a new Critical Minerals Strategy.
The UK government is committed to continuing to invest in UK battery manufacturing. This strategy builds on our impressive track record of targeted government support, leading to a pipeline of investments through the battery ecosystem:
Thanks to its chemistry-enabling approach, Battery 2030+ will have an impact not only on current lithium-based battery chemistries, but also on post-lithium batteries, solid-state, silicon, sodium, and other future chemistries.