Weak climate rules put Europe’s battery boom at risk
Europe’s surging EV market has resulted in plans for 38 battery gigafactories, totalling over 1000gWh of output and almost €40bn in investment.
Yet, weak CO2 standards between 2022 and 2029 give carmakers little incentive to increase the sales of electric cars until 2030. This could result in well over half of the expected output having no market. This is a missed opportunity to boost Europe’s economy and secure thousands of skilled jobs.
Related Articles
View All
Franco-German car deal a ‘historic mistake’ that weakens climate ambition and Europe’s car industry
Deal to loosen the EU’s car CO₂ standards and IAA requirements a ‘historic mistake’ that puts Europe’s position in the global EV and battery race in j...
Misleading plug-in hybrid emissions figures risk cheating consumers, T&E warns
T&E urges governments to uphold the next correction of the PHEV CO2 accounting rules to drive PHEV improvements and avoid cheating consumers. Powering...
