The race towards fully electrifying our roads is on, and the UK has announced one of the most ambitious plans for replacing conventional vehicles with electric vehicles (“EVs”). The UK government has announced that it plans to bring forward its ban on the sale of new internal combustion engine vehicles from 2040 to 2030 as it looks toward becoming a net-zero economy. As such, numerous regions have been vying for the honor of hosting the UK’s first gigafactory, which will manufacturer electric vehicle batteries.
First popularized by American EV maker Tesla, a gigafactory is a large manufacturing facility that can produce up to 15GWh per year. Such factories can ease the transition from internal combustion-engined vehicles to electric vehicles by producing battery cells and packs to power the EVs. With the UK government…
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