The UK government will provide £20m ($40.4 million) to support UK-based research to develop new low-carbon vehicles that could be on the road within 5 to 7 years. The investment, equally provided by the Technology Strategy Board and the Department for Transport, is intended to assist innovative companies advancing low-carbon vehicle research, development and demonstration projects.
The funding is part of the government’s Low Carbon Transport Innovation Strategy launched in May. Carbon emissions from road transport accounted for more than 21% of domestic emissions in the UK in 2005.
Through our investment in UK-based research and development we want to accelerate the introduction of low carbon vehicles, ahead of what would be achieved by market forces alone. This funding will help companies in the UK to benefit from the growing domestic and international demand for lower carbon vehicles.—Ian Pearson, Science and Innovation Minister
The funding will be available to support vehicle technologies with the clear potential to be commercially viable within 5 to 7 years. Projects relevant to passenger cars, light commercial vehicles, heavy goods vehicles, buses and taxis are all eligible for support.
The funding, which will be made available through a competition managed by the Technology Strategy Board, will fund collaborative research and development carried out in the UK.
This is the first competition managed by the Low Carbon Vehicles Innovation Platform (LCVIP), which addresses the societal and environmental challenges posed by the need to tackle the carbon impacts of road transport and to achieve substantial reductions in average vehicle emissions.
The competition opened on 21 September 2007 and there will be an information day for potential participants on 4 October 2007. The deadline for companies to register their intention to submit an application is 5 December.