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£56m to be invested into developing low carbon technologies

New investments are going to be put into the development of low carbon technologies and transport in the UK. with over £56 million being invested in the sector. The Office for Low Emission Vehicles has recently pledged over £27 million towards the investment and this has been complimented by around £30 million of funding that has been raised in the private sector.

This money is going to be put towards funding 17 research projects in the UK, some of which are being run by some of the world’s largest vehicle manufacturers. A new electric vehicle drive system is being developed as part of this initiative and this is a project being led by Ashwoods Automotive.

The idea behind the project is that a single cast package is going to be created which involves all the connectors, cooling systems, gearbox, controller and motor of an electric vehicle.

Another project is a car that has being specifically created for young people on the roads and this is being developed by mi Technology Group. The idea behind this vehicle is that it is going to create a particularly safe driving opportunity for young people.

Norman Baker, the transport minister recently announced, “We understand the importance of having low carbon vehicles in this country. This money is going to help accelerate the commercialisation of this technology and bring it to market which is going to not just create a large number of new jobs, but it is also going to create new opportunities for UK businesses in the international environment. We are delighted with the positive response that we have seen from all areas of the industry.”

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