The American electric carmaker Tesla says it expects to have a battery-making factory in Germany within five or six years. The news came from an interview with Tesla’s chief executive Elon Musk in the German news magazine Der Spiegel in which he said German carmakers lacked interest in electric cars.
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Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.