Why the US could delay the end of Europe’s dependence on lithium-ion-batteries from China | DW News

Europe could end its dependence on lithium-ion-batteries from China by 2027. That’s according to a study by the industry group ‘Transport & Environment’. It says that previous investment in battery plants could set the continent up to produce all the components needed for its future vehicle production. The biggest risk to this outlook: the US Inflation Reduction Act, launched last year, which gives companies major incentives and subsidies to up production in the United States, possibly making some companies re-prioritise their investment. Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/
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Europe could end its dependence on lithium-ion-batteries from China by 2027. That’s according to a study by the industry group ‘Transport & Environment’. It says that previous investment in battery plants could set the continent up to produce all the components needed for its future vehicle production. The biggest risk to this outlook: the US Inflation Reduction Act, launched last year, which gives companies major incentives and subsidies to up production in the United States, possibly making some companies re-prioritise their investment. Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch

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