UK to Invest £246m in Battery Technology

UK government set to invest hundreds of millions in battery technology for electric vehicles and renewable energy.
A plug-in hybrid electric vehicle (PHEV) is similar to a hybrid electric vehicle (HEV) except that it has a larger battery and can be recharged by plugging it into an electrical outlet for a few hours.

The Guardian reports that the UK has plans to invest £246m in battery technology as part of its new industrial strategy. It is expected that most of the funding will go to the automotive and renewable energy sectors. It is likely to be of particular benefit to companies like Nissan that operate in both.

Read more here: Business secretary to announce investment in battery technology | Business | The Guardian