Connected Car
If Britain wants to have a car industry, the answer is yes. The battery pack is the single most expensive part of an EV, accounting for 30% or more of the cost. So to say that the project puts the UK in the “fast lane” for EV production, as Energy Security Secretary Grant Shapps told the BBC, looks a little hyperbolic. Car production is a highly integrated multinational business and, like most manufacturing, it thrives on clusters; proximity to suppliers is key. Matthew Brooker is a Bloomberg Opinion columnist covering business and infrastructure out of London.