Leveraging the IAA to build Europe’s battery value chain
Why battery incentives in the Industrial Accelerator Act (IAA) are essential and achievable
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Europe’s battery value chain has experienced several setbacks over the past years. Yet, it doesn’t start from scratch. The Industrial Accelerator Act (IAA) must provide the boost needed to materialise and scale projects. T&E shows how incentives under the IAA are both needed and feasible.
Key findings
A quarter since 2022
Of announced EU battery cell capacity has been cancelled or shelved. Germany’s pipeline is particularly concerned as its project pipeline for 2035 has halved.
Enough cells by 2027
EU cell production can meet demand for corporate vehicles by 2027. By 2030, EU cell production alone can power vehicles eligible under support schemes (corporate and private).
Enough CAM for 2030
Cathode demand can be met at least for corporate vehicles with announced capacity by 2030. The IAA will create stable demand and drive project materialisation.
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