The EU will manufacture innovative batteries for electric cars: projects won €643 million

The EU will manufacture innovative batteries for electric cars: projects won €643 million shutterstock

Maria Semenova

Emissions are expected to be reduced by 88 million tons of carbon equivalent over the first ten years of using the new batteries

Five projects from four EU countries won the Innovation Fund competition. They received €643 million in funding to launch the production of modern batteries for electric vehicles.

The European Commission has announced that production is expected to start in 2027-29.

Production facilities will be located in France, Germany, Sweden, and Poland. The total decarbonization effect of the projects will be a reduction in emissions of 88 million tons in just the first 10 years of operation.

Not just a power source, but an entire ecosystem

The EU expects the winning projects to give a technological boost to the manufacturing industry. It is anticipated that innovations will not be limited to the high quality of the final product, but will be implemented at various levels of the technological chain, from the production of materials to secondary use.

Economic benefits

The production of batteries for electric vehicles in the EU will also have a positive impact on the EU economy. It is expected to create direct and indirect jobs and reduce dependence on foreign importers.

In addition, supporting innovation gives the EU a competitive advantage in the field of advanced automotive technologies.

Compliance with strict European standards

The winning projects comply with a number of European policies, including laws on zero industrial emissions and critical raw materials. The production of batteries for electric cars qualifies as clean technology and will therefore contribute to the achievement of the Clean Industry Agreement targets.

Earlier, EcoPolitic reported that the European Innovation Fund will allocate nearly €3 billion to zero-emission projects.

Related
The European Parliament has extended the scope of the CBAM to cover derivative products and closed loopholes that allowed the rules to be circumvented
The European Parliament has extended the scope of the CBAM to cover derivative products and closed loopholes that allowed the rules to be circumvented

At the same time, EU exporters who are hardest hit by the SVAM may be eligible for support from the Temporary Decarbonisation Fund as early as 2027

Stability of the carbon market: the European Parliament has adopted amendments to EU ETS 1 and ETS 2
Stability of the carbon market: the European Parliament has adopted amendments to EU ETS 1 and ETS 2

The decision is an attempt to strike a balance between business competitiveness and climate targets

Which electric cars do Ukrainians buy most often?
Which electric cars do Ukrainians buy most often?

A single model accounts for almost 12 per cent of the market

Revolutionary changes in the EU: governments want to make it compulsory to reinvest 75% of ETS revenues in decarbonisation
Revolutionary changes in the EU: governments want to make it compulsory to reinvest 75% of ETS revenues in decarbonisation

The rationale behind this proposal is to support the eco-modernisation of enterprises, which generate revenue for the system and bear the brunt of the fiscal pressure