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International Business Times UK

Vinay Patel

The UK Announces £2 Billion Investment In Automotive Industry

United Kingdom Jeremy Hunt United States Rishi Sunak electric vehicle Hydrogen Nissan Wrightbus

The UK announces a £2 billion investment in the automotive industry. (Credit: Trey Musk/Pexels)

The UK government has announced a whopping £2 billion investment in the automotive industry. Notably, this fund will facilitate the development of electric vehicles (EVs).

Aside from this, the investment is a significant step towards the country's transition to a net-zero future. It is also worth noting that the investment is part of a larger £4.5 billion investment program for top manufacturing industries.

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