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Is EU planning to promote batteries for electric cars?

Is EU planning to promote batteries for electric cars?

Business news |
By Christoph Hammerschmidt



We in Europe want to be competitive not only on our own market, but also worldwide, “said EU Energy Commissioner Maros Sefcovic earlier this week after a “Battery Summit” in Brussels, attended by representatives of other EU countries, including Germany’s Secretary of State for Economic Affairs Matthias Machnig. At the end of next week, the Commission intends to present a strategy, Sefcovic said according to media reports.

Machnig said in Brussels that the automotive industry has undergone the deepest changes since its beginnings. In the past, the economy of the EU has been competitive because it leads the way in combustion engines. However, battery cells and modules are central to e-mobility. Those who think they can just buy these batteries are blind or even naïve, Sefcovic said. For this reason, European companies must work together across national borders.

Mr Sefkovic stressed that the Commission wanted to ensure that Member States could provide some support to the battery sector. There was a willingness to do so in the countries. The Commissioner also referred to the opportunities offered by equipping electric cars with European-made batteries. By 2025, the market will be worth 250 billion euros per year. Europe needs to show its prcense in these markets, the politician was quoted. 

The conservative CDU and the Social Democratic SPD, which recently agreed to form the next German government in a “Grand Coalition”, have agreed in their coalition agreement to increase the electric car purchase premium for taxis and light commercial vehicles. “We want to clean mobility in the cities while avoiding driving bans on diesel-powered vehicles,” said Social Democratic party vice-president in the Bundestag, Sören Bartol, to the press agency dpa. Operators should switch faster from old taxis and delivery vans to new electric vehicles, he said.

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