Transport and Environment (T&E), “Europe’s leading clean transport campaign group”, has a plan. They believe Europe could be able to produce all the batteries it needs by 2027, without imports from China. It’s a laudable goal, and the idea is amazing since Europe is fast rushing to battery-powered electric vehicles, which consume lots of batteries.
The group imagines a European sovereignty fund to support domestic battery production, and streamlining of EU rules on state aid. Battery plants now take a long time to build, since there are considerable risks to their storage and manufacture.
According to the article, about half of Europe’s batteries are already sourced there. The EU is mandating electric vehicles by 2035, which sets up a big increase in demand for batteries.
The supply chains associated with electric vehicles are interesting and of crucial importance so that they will be accepted and effectively used. Batteries are a major element, and disruptions in the supply are not healthy for European manufacturers.
By Charlie Bartlett, technology editor 24/01/2023
Europe could end reliance on China for battery production by 2027 – The Loadstar
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- Source: https://supplychainandlogistics.org/2023/01/24/europe-could-end-reliance-on-china-for-battery-production-by-2027/
