The British government allocates another 390 million pounds to promote the development of electric vehicles

British Finance Minister Philip Hammond announced that it will invest 390 million pounds ($484 million) to promote the development of electric vehicles and self-driving cars.

When Hammond first proposed the budget to the parliament, he also mentioned the need to strengthen the infrastructure of British electric vehicles. He said: "The reliability of transportation is very important for the development and production of automobiles. These investment funds will focus on the development of our low-emission vehicles and self-driving cars."

The British government allocates another 390 million pounds to promote the development of electric vehicles

Philip Hammond also said that the government will be responsible for the full funding for the construction of electric vehicle charging facilities in the first year.

Last month, Japanese automaker Nissan said that although the UK decided to leave the European Union, it will still produce two models in the UK. This undoubtedly gave great support to the policy of British Prime Minister Theresa May.

According to a Nissan spokesperson, Nissan is still negotiating with the British government on the support policy of the British government.

It is reported that only 3% of the UK's new car sales last year were plug-in hybrids and electric cars, but this year the proportion rose to 23%. Now, major automakers are competing to attract more consumers to join the ranks of electric and hybrid cars.

In addition, the UK government is currently encouraging more technology companies and car manufacturers to test the autopilot technology in the UK. The UK government also hopes to create a global service industry. It is expected that the market value of the industry will be expected by 2025. It has reached 900 billion pounds ($1.1 trillion).

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