Europe’s EV investment surpasses €200 billion
▼ Summary
– Europe’s cumulative investment in electric vehicles has surpassed €200 billion.
– New AutoMotive’s data tracker highlights the milestone and questions how much battery capacity will be produced at scale.
– Roughly 600 GWh of announced European battery capacity has already been delayed or cancelled.
– The data was reported by Reuters on Sunday.
Europe’s cumulative investment in electric vehicle production has officially crossed the €200 billion mark, according to data from New AutoMotive’s tracker, as reported by Reuters on Sunday. This milestone raises a critical question for industrial policymakers: how much of that headline figure will actually translate into large-scale battery cell manufacturing? The answer is uncertain, given that roughly 600 gigawatt-hours of announced European battery capacity have already faced delays or outright cancellations.
(Source: The Next Web)
