Innovative companies across the UK are set to benefit from a £38 million Government prize that is being used to develop and further ideas on how to reduce emissions and improve alternatively-fuelled car technology.
Awards have been given to over 130 different car manufacturers and technology companies to help them develop and export emissions-cutting technology. The scheme will also create jobs in companies across the country.
A consortium, which includes Jaguar Land Rover and Nissan, has received £1.7 million in funding to help develop 'light weighting' technology. This has come from processes used in Formula 1 to help make cars as light as possible. Given a domestic application, lighter car panels could help create vehicles that are better for the environment, as well as giving electric cars better ranges.
Andrew Jones, Transport Minister, said: "Our £38 million investment will help Britain become a world leader in this exciting and valuable technology sector, creating skilled jobs of the future as part of our long-term economic plan.
"It will also mean lower running costs for motorists and less fuel consumption, which is good for the environment and our economy.
The £38 million prize has been generated through the joint work of the Office for Low Emission Vehicles, who gave £30 million, and Innovate UK who added the remainder of the sum.