Regulations and Funding: How Europe Is Driving Electric Batteries Production

Regulations and funding: how Europe is driving electric batteries production

The European Union is strongly committed to electric batteries, which is why it is promoting new projects and introducing standards to improve the recycling and recovery of materials that are crucial for electric vehicle batteries. The latest initiative approved in Brussels follows this two-pronged approach.  The first case involves €825 million in support for the construction of six gigafactories in Europe. The second concerns a package of rule…

Europe now has 30 EV battery gigafactories in operation

Europe’s quest to reduce its reliance on lithium-ion batteries produced in other countries is progressing, with data from New AutoMotive showing that 30 individual battery gigafactories are now live across Europe. Combined, the 30 sites have a total potential annual production capacity of over 300GWh – enough to supply batteries for an estimated 3.75 million electric passenger cars (assuming each car has an 80kWh battery pack). The European Unio…