BRITAIN is losing the race to go electric as Germany is predicted to have up to ten times more capacity than the UK by 2025.
Labour warns today that the UK risks “losing the race to build the electric vehicle revolution here in Britain” as we get left lagging behind.
Meanwhile, our manufacturers are paying the highest electricity costs in Europe – with a whopping 34 per cent of it going on tax – compared to 21 per cent EU average.
New research highlights that the United States is forecast to have 382 GwH of Lithium ion battery capacity by 2025, with Germany on 158, and Britain languishing behind on just 12.9 GwH.
It comes after Britishvolt collapsed earlier this year – which was predicted to add on another 20 GhW by 2035 – but whose future is now unclear.
Britain has plans for just three in total, compared to a staggering 14 in Germany.
Labour today will promise to splurge £2billion for eight new gigafactories in the Midlands and North to power 1.8million cars.
And they vow legally-binding targets for electric car charging points to roll them out across the nation.
Shadow Transport Secretary, Louise Haig said: “Labour will turbocharge electric vehicle manufacturing and bring good jobs back to Britain’s industrial heartlands.”