UK electric vehicle and battery production potential to 2040

In June 2022 the Faraday Institution published an update to its study “UK Electric Vehicle and Battery Production Potential to 2040”, first published in 2019, and updated in March 2020. 

Key changes in assumptions and modelling in the Faraday Institution’s 2022 report relative to the 2020 study are:  

The result of these key changes for the 2022 report relative to the 2020 study are: