The UK risks losing a vital part of its carmaking industry to Europe and the US if it fails to attract battery investment within the next three years, an influential group of MPs warned on Tuesday.
Britain “lags far behind” competitors in wooing major battery manufacturers, though has the potential to beat European rivals, especially Germany, in making cleaner batteries, the House of Commons business and trade select committee found.
“The UK is on course to secure barely half of the electric battery capacity needed by the domestic car industry alone,” warned Liam Byrne, who chairs the committee.
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