Interview with Business and Energy Secretary Greg Clark

The video discusses the Faraday Challenge, a UK initiative to advance battery technology for renewable energy storage and electric vehicles. It highlights the benefits for car manufacturers, consumers, and job creation. The discussion includes global competition with companies like Tesla and Google's investments. Britain's strengths in car manufacturing and research are emphasized, along with the importance of a long-term industrial strategy despite economic forecasts.

What is the primary goal of the Faraday Challenge?

• To develop new types of batteries

• To create more solar power plants

• To integrate battery storage with renewable energy

• To reduce the cost of electric vehicles

Which companies have been investing heavily in battery technology?

• Apple and Microsoft

• Tesla and Google

• Samsung and Sony

• Amazon and Facebook

What commitment has Volvo made regarding its future car models?

• All models will be hybrid

• All models will be self-driving

• All models will be electric

• All models will be diesel

What is Britain's advantage in the field of battery technology?

• Abundant natural resources

• Government subsidies

• Cheaper labor costs

• Efficient car manufacturing and top universities

How does the speaker suggest responding to economic forecasts?

• By focusing on short-term gains

• By preparing for the long term

• By cutting down on manufacturing

• By investing in foreign markets