The British Government is investing £ 38 million in “green” cars

Among the projects to be allocated government fund prize to develop green automotive industry, there is a project to produce composite cars based on the technology behind Formula 1 cars and space satellites.

Carrying out expert evaluations and updating business plans and feasibility studies of investment projects for the production of continuous basalt fiber, staple fiber and basalt composite products.

A consortium including Jaguar Land Rover and Nissan has received  £1.7 million for ‘light weighting’ technology from the government fund prize, totaling £ 38 million. In addition to the light weighting, the novelties will be more fuel efficient.

According to the developers, the results of their efforts will weigh much less than their metal counterparts. For instance, the weight of steel components in vehicles such as the Nissan Leaf will be reduced by more than half, potentially extending the distance a plug-in car can drive by up to 25%.

The OLEV Research & Development Fund will award funding to over 130 companies and research organisations across the United Kingdom.

Countries: United Kingdom

Industries: Automotive

Terms: Composite materials

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