The need for more gigafactories engaged in the making of EV batteries is growing as the global market for electric vehicle sales is predicted to expand quickly. Support from an expert logistics supplier is essential for success for both established and up-and-coming battery cell producers wishing to take advantage of this.
Labour has committed to generating a minimum of 30,000 jobs by vowing to construct 3 gigafactories for EV battery production in the United Kingdom by the year 2025, as it warned that the country was slipping behind its European counterparts in the race to phase out petrol power.
The party has vowed to significantly increase part-financing of gigafactories amid recent allegations that Britain is fighting to maintain the manufacturing of electric vehicles (EVs) produced by UK-based manufacturers. It is in line with data that indicates nations like Germany, that already has a sizable auto sector, are well ahead in developing the plants. According to independent Faraday Institution research, by 2030, Hungary, France, and Germany will each have 30,000 more jobs in the battery industry and supply chain than the UK, adding an additional 150,000 jobs for electric vehicles.
It comes after the impartial Climate Change Committee issued a warning last week that “it is doubtful that car makers will build EVs in the UK” in the absence of battery gigafactories in the UK. The Climate Change Committee advises the government on its progress toward lowering UK carbon emissions.
The UK will therefore have limited control over a lifespan, imported, and embedded emissions in battery and electric vehicle manufacture, it was further said. Additionally, it would harm UK workers’ ability to find employment.
The Faraday Institution determined that every GWh generated by a gigafactory would sustain 500 jobs opportunities both directly and through the associated supply chain, leading Labour to claim that its approximate of 30,000 additional employment from the gigafactories was founded on this research. 10,000 jobs would be produced by an average 20GWh gigafactory.
By providing low- to middle-income people with interest-free loans for used and new EVs, the party has already committed to making the ownership of electric vehicles more accessible. The shadow business secretary, Jonathan Reynolds, claimed that the initiatives of Labour will lower costs, generate employment, and assist in achieving net zero. “By embracing tomorrow’s chances, a Labour administration will re-energize Britain’s economy.”
The Climate Change Committee estimated that by 2040, the UK’s battery production capacity will need to double from its current level of 68 GWh per year. The government has so far allocated around £100 million toward a battery gigaplant based in Northumberland. At a factory located on the grounds of the former Blyth power station, the Britishvolt project intends to create power cells for 300,000 EV battery packs annually.