The EU risks falling short of its ambition to become a global superpower in EV battery production, a report by the European Court of Auditors (ECA) warns. Although the union’s industrial policy on batteries has been promoted effectively over the past few years, the bloc still faces three major challenges: limited access to raw materials, uncertainty on whether battery production will reach the required levels, as well as insufficient and uncoordinated funding. According to the ECA, nearly 20% of the new cars registered in the bloc in 2021 had an electric plug. Demand is expected to increase even further with…
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