How Tata’s EV battery plant will help Britain in saving its car industry

Britain’s car industry has been on the decline for some time. Last year, production fell to a 66-year low due to the closing of two plants, a global shortage of semiconductors and supply chain bottlenecks.

It has also faced an existential challenge as rival governments pledge vast amounts of public funds to the development of electric vehicles.

“The reality is that the global battery market is not a free market,” said Andy Palmer, the former chief executive officer of Aston Martin who now chairs Slovak battery maker InoBat. “It is distorted by huge state subsidies and we either recognize that and respond, or see our auto industry slowly deplete.”