The NGO Transport & Environment considers this challenge possible, if European funding follows.
The race is accelerating between China, the United States and Europe to produce electric vehicles, but also to secure materials and minerals for lithium batteries.
After having been struck by the American law IRA (Inflation Reduction Act) promulgated last summer which subsidizes the green industry “made in America”, in particular in the automobile field, Europe is preparing its legislative response. But how soon will its support measures and funding be operational? Are the projects planned in Europe by the global giants not likely, by then, to be relocated to the United States where the subsidies are attractive? The issue is crucial.
To see more clearly, the NGO Transport & Environment (T&E) has analyzed the announcements made by manufacturers in Europe concerning the production of battery cells, cathodes, lithium and the recycling of key metals. It estimates that overall European industry is on track to produce 6.7 million…
This article is for subscribers only. You have 80% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed? Login