WASHINGTON—An £80 million ($100 million) investment announced July 22 by the UK government will help develop the next-generation of electric vehicles and hybrid-electric aircraft. The funding will be focused on power electronics, electric machines and drives, collectively known as PEMD. The investment is part of the UK’s Industrial Strategy Future of Mobility Grand Challenge. This aims, by 2040, to enable zero-carbon road transport, eliminate diesel rolling stock from UK ...

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