Major battery manufacturing projects earmarked for Europe are now looking to site themselves in the U.S. to take advantage of its IRA subsidies, according to a new report by T&E. It says over two-thirds of lithium-ion battery production planned for Europe â a pipeline potential of 1.8 TWh - is now at risk of being delayed, scaled down or cancelled. The nations most at risk of losing the business are Germany, Hungary, Spain, Italy, the UK and … [Read more...]
EU: Slow-moving CO2 targets for cars put EV battery boom at risk
Europeâs battery manufacturers are positioning themselves to be global leaders. Their project pipeline will be enough to power a new European car fleet that is 75% battery-electric by 2030. Thatâs 38 European gigafactories by 2030 (fully funded, part-funded and proposed), âŹ39.5 billion worth in investments, creating 44,000 direct factory jobs. But existing CO2 emissions cut targets imposed on car manufacturers â a leading driver of demand for … [Read more...]
