The Government supports an industry-led transition to Net Zero and it continues to work with global investors via the Automotive Transformation Fund (ATF) to unlock private investment to build an internationally competitive electric vehicle supply chain. Securing gigafactories is a priority. The Faraday Institution has estimated that UK demand for batteries is expected to reach around 100 GWh per annum by 2030. The ATF has already helped secure a gigafactory investment in the UK, including Envision AESC’s £450m investment in July 2022 to create a gigafactory in Sunderland. The ATF will place the UK at the forefront of the transition to zero emission vehicles.