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Electric car investment could yield £51bn for UK economy – E & T Magazine

Government investment in electric car infrastructure, including charging stations and repair garages, could boost the UK economy by £51bn per year according to a report from the Institute of the Motor Industry.

It warns that the government needs to make significant investment in the sector, including upskilling in the UK motor industry, or risk missing out on major economic benefits in the future.

The author of the report, Professor Jim Saker of Loughborough University, says that 320,000 jobs could be created if low emission cars are made convenient for drivers to use in the UK.

It will also highlight the need for the government to focus on protecting both the economic growth of the motor industry, and safety concerns across the sector.



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