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<p>The Trade and Cooperation Agreement provides for zero tariff zero quota trade,
with modern rules of origin for the automotive sector that reflect UK manufacturing
and are designed to support the industry through its transition to electrification.
The phased approach to rules of origin for batteries gives industry time to localise
supply chains for electrified vehicles.</p><p> </p><p>The Government has prioritised
securing investment in battery cell gigafactories, which is key for anchoring the
mass manufacture of electric vehicles, safeguarding and creating high quality jobs
across the UK, and driving emissions to net zero by 2050.</p><p> </p><p>As part of
my Rt. Hon. Friend the Prime Minister’s 10 Point Plan for a green industrial revolution,
nearly £500m of funding for the Automotive Transformation Fund will be made available
in the next four years to build an internationally competitive electric vehicle supply
chain. This is a UK-wide programme, and we are welcoming applications for support
from businesses and investors across the country.</p><p> </p><p>We continue to work
closely with investors to progress plans for manufacturing the batteries that we will
need for the next generation of electric vehicles here in the UK.</p><p> </p><p>The
Government is also investing £318m, through the Industrial Strategy Challenge Fund
in the Faraday Battery Challenge, to put the UK at the global forefront of the design,
development, manufacturing, and recycling of electric batteries.</p>
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