New funding model could catalyse the UK EV industry 

In 2022, the UK auto industry had its worst year since 1956—a 66-year low. 775,014 cars were produced domestically, down 41% from pre-pandemic levels in 2019. From the war in Ukraine causing energy prices to skyrocket, to the economic and trade fallout from Brexit, and COVID lockdowns in China which crippled supply chains for semiconductors, there has been no shortage of headwinds.