June 22 - 17:06
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Electric cars could boost UK economy by £24 billion, says report
The shift to electric vehicles looks set to deliver a £24 billion boost to the UK's economy, says a new government-commissioned report. The Advanced Propulsion Centre (APC) says the positive impact will be felt across the battery, power electronics and electric machines market before 2025. The report also warned that the production of EV components needs to increase 10-fold to meet demand.
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