The European environmental organization Transport
However, manufacturers such as the US electrical pioneer Tesla and the Swedish start-up Northvolt could also orient themselves more towards the USA in view of the high funding opportunities in the United States, according to a report by the organization.
Half of the lithium-ion batteries used in the EU are already being manufactured in Europe. “But the Inflation Reduction Act changed the game,” said T
Billions invested in cell plants announced
In the Inflation Reduction Act, the USA has promised substantial subsidies for e-car and battery manufacturers if they invest in the USA. In Europe, battery manufacturers such as the Chinese industry giant CATL, the Koreans from Samsung SDI and the Swedes with Northvolt have announced billions in investments. Car manufacturers such as Volkswagen, Mercedes-Benz and Stellantis are also investing in cell plants, while others such as BMW are ordering from battery suppliers on a large scale.
However, with President Joe Biden’s US stimulus package, the balance of power threatens to shift towards the United States. There are doubts as to whether Northvolt is still building a factory in Schleswig-Holstein as originally planned. T
