Blow to Britain’s EV dreams as first gigafactory’s production delayed over energy crisis

Due to soaring energy costs, the startup has been forced to delay production by three years.

Speaking to the Financial Times, Orral Nadjari, the co-founder and former CEO of Britisholt, noted that a combination of factors resulted in the delays for the gigaplant.

He said: “It does go hand-in-hand with the fact that we have inflation, we have a recession and we have geopolitical uncertainties.

“The main facility will be delayed slightly into mid-2025.”

He added that soaring costs of energy had forced the company to halt major construction works at its new site in Blyth, Northumberland, until February.

Article source: https://www.express.co.uk/news/science/1662175/britishvolt-britain-ev-dreams-shattered-uk-gigafactory-forced-delay-energy-costs