Great Britain invests 390 million pounds in EV and autonomous development image

The United Kingdom is ready to spend close to $500 million for improved infrastructure for both electric and autonomous cars as the country strives to be at the forefront of the development of these breakthrough technologies.

The UK government has decided to invest £390 million ($484 million) to help the development of electric and autonomous vehicles, as well as the needed infrastructure. Chancellor of the Exchequer Philip Hammond was in charge of the announcement during his Autumn Statement earlier this week: “reliable transport networks are essential to growth and productivity.” He also said the investment would “build on our competitive advantage in low-emission vehicles and the development of connected autonomous vehicles.” Last year autonomous cars were allowed for testing on UK roads and immediately companies took advantage – including Volvo or Jaguar Land Rover.

The electric, autonomous and connected segments are coming together as of late – for example the UK authorities understand investments in high-speed, next generation 5G wifi will be adamant to the idea of allowing autonomous cars to communicate with each other and the infrastructure. “We welcome the investment to enhance the charging network for electric vehicles, as well as further support to boost uptake of low emission buses and taxis,” added the Society of Motor Manufacturers and Traders, representing the country’s auto industry.

Via Automotive News Europe; Autocar