Gateshead's Sevcon welcomed the Chancellor's low carbon investment plans - but says the monies need to be focused
Green transport was the major beneficiary of Chancellor Philip Hammond’s first Autumn Statement with new measures to support the growth of hybrid and electric vehicles.
The decision to maintain the carbon tax reinforced efforts to eliminate coal from power production by 2025, while the Chancellor re-stated the Government’s support for a UK shale industry and North Sea oil and gas.
Matt Boyle, president and chief executive officer North East low carbon transport firm Sevcon cautiously welcomed the moves.
He said: “I am pleased to see recognition of the need for investment in low carbon vehicle technology, and infrastructure which is required to successfully exploit it.
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Source: Chronicle Live