The Strategy sets out a wide range of actions that the UK is taking to encourage innovation and technology development in lower carbon transport technologies, including stimulating investment in a broad range of R&D activities. Essential to this will be the use of regulatory frameworks such as carbon pricing and energy efficiency, but also government funding aimed at accelerating the development and market penetration of new lower carbon technologies.
One major initiative is the Low Carbon Vehicles Innovation Platform, a GBP100m (USD156.6m) programme over five years supported by the Technology Strategy Board, the Engineering and Physical Sciences Research Council and Department for Transport, and funded through the Technology Strategy Board.
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Low Carbon Transport Innovation Strategy
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