CleanTechnica•about 1 month ago
How to Make the Industrial Accelerator Act Deliver for EVs & Batteries
Key Takeaway
Europe is proposing a new Industrial Accelerator Act to boost domestic EV and battery manufacturing, aiming to reduce dependencies and compete in the global clean technology race.
AI Summary
- •Europe is proposing an 'Industrial Accelerator Act' to boost its clean technology sector, specifically EVs and batteries, to counter global competition and reduce dependencies.
- •Based on a T&E position paper, the Act outlines four pillars aimed at accelerating the development and deployment of EV and battery manufacturing capabilities within Europe.
- •This policy initiative is expected to drive increased investment, localize supply chains, and potentially lead to more competitive pricing for EV and battery components in the European market, impacting developers and large industrial consumers.
Topics
emissionsfinancingoempolicystorage
Article Content
In a new position paper, T&E proposes four pillars for a successful Industrial Accelerator Act. This is a summary. To find out more, download the position paper. Europe is losing ground in the global clean technology race. Unless decisive action is taken it will be exposed to ever greater dependencies, ... [continued] The post How to Make the Industrial Accelerator Act Deliver for EVs & Batteries appeared first on CleanTechnica .