In this report T&E analyses investments in European electric vehicle and battery production in 2019.
With societies months-long in confinements and factories shut, the COVID-19 pandemic has gravely impacted economies across Europe and beyond. 2020 was touted as the year of the electric car in Europe and early 2020 showed record plug-in sales. But has the COVID-19 crisis killed off the electric car momentum that was finally gaining pace in response to EU emissions regulations?
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.