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Jaguar Land Rover has unveiled a new £250 million test facility in Coventry, England as it braces to push ahead into the electric vehicle (EV) sphere. Tata Motors Limited (NYSE:TTM)-owned Jaguar unveiled the lab at its Whitley site on Monday, which will support the rollout of its EV fleet, much of which is set to be powered by batteries built at a new factory in the UK.

New tariffs on shipments of electric vehicles between the UK and Europe will see average prices of cars made in the latter rise by £3,400 from January, the industry has warned.  Tougher rules of origin set in the Brexit agreement will mean manufacturers face extra taxes on exports from January if a proportion of their parts are not sourced from within Europe.

Ovo Energy has begun offering customers credit for 6,000 miles worth of charge for their electric vehicles in a partnership with Select Car Leasing. According to Ovo, over 90% of petrol and diesel car owners say they would be more likely to purchase an electric vehicle if charging costs were lower.

Advanced talks are being held between Coventry City Council and Asian battery manufacturers over the possibility of investing in a proposed gigafactory in the area. Confirmed by the council on Tuesday, talks are taking place with several “leading Asian” developers over the site, which would become one of just a handful of electric vehicle battery factories planned in the UK.

Some 80% of vehicles sold in the UK by 2030 cannot produce any emissions, the government has confirmed, despite the ban on petrol and diesel cars being delayed. Under the government's Zero Emissions Vehicle (ZEV) mandate, carmakers will be required to make up a certain proportion of their sales each year with electric and other such vehicles.

A gap has appeared between Britain and Europe's electric vehicle sales over the past year, according to Cornwall Insight analysts. Between July 2022 and 2023, the number of battery-electric vehicles sold in European Union nations grew by 60.6%, compared to a more moderate 31% in the UK.

Some 80% of vehicles sold in the UK by 2030 will still need to be electric despite the ban on petrol and diesel cars being delayed until 2035. Under the government's Zero Emissions Vehicle (ZEV) mandate, carmakers will be required to make up a certain proportion of their sales each year with electric vehicles.

Tata Steel has confirmed it will receive £500 million from the UK government to upgrade its Port Talbot steelworks but warned as many as 3,000 jobs might be lost. In total, the investment in the plant will be £1.25 billion with the Indian group putting in £750m but it added consultations will start soon over a “deep potential restructuring”.

A £500 million funding package for the Tata-owned Port Talbot steelworks might involve 3,000 job cuts, according to reports this morning. Reports yesterday suggested that a funding deal for the decarbonisation of Tata Steel UK's operations was imminent and likely to be confirmed today.

Jaguar Land Rover has delved into how parent firm Tata Motors Limited (NYSE:TTM)'s new UK battery factory will fit with its electrification plans in the midst of strong first-quarter results. Aiming to release a fully electric-powered car by next year, JLR explained that Tata's new Somerset-based gigafactory would be key in supplying a new British-made range.