If the UK is to meet its 2040 target of ending new petrol and diesel vehicle sales, the national Gigafactory stock will need to grow to as much as 50 million square feet of factories and warehouses.
That is the headline conclusion of a new report from real estate services giant Savills, entitled ‘The Rise of Gigafactories’.
The report takes into account the UK Government’s ban on new petrol and diesel car sales, which will come into force from 2030, and its vision to also end new petrol and diesel van, heavy goods vehicles, bus and coach sales by 2040. Both of these policy visions were announced this year, in the lead-up to COP26.
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