The European Union could produce enough batteries by 2025 to power its electric vehicle market without relying on imported cells, especially from China which hosts around 80% of the world’s lithium-ion cell production.
The comment by European Commission vice president Maros Sefcovic was made during the online European Conference on Batteries.
New battery cell gigafactories being built across Europe are expected to provide enough cells to power at least six million EVs by 2025, Sefcovic is quoted as saying by commodities firm S&P Global Platts.
The European Battery Alliance (EBA), which was established in 2017 to develop a competitive battery value chain, attracted around €60 billion ($71.3 billion) of investment last year and €25 billion so far this year.
“I am confident that by 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry, and even to build our export capacity,” Sefcovic is quoted as saying by media firm Reuters.
However, the Commission expects 13 million low-emission vehicles on Europe’s roads by 2025.
You can read how the UK is building the battery foundations to meet future demand in the latest edition of BEST mag HERE: