Boosting Made-in-EU EVs & Batteries with the Industrial Accelerator Act (IAA)

AI Summary

The EU's Industrial Accelerator Act aims to enhance local production of electric vehicles (EVs) and batteries. However, an analysis indicates that existing loopholes may hinder effective scaling of the battery value chain in Europe.

The IAA proposal is a solid start, but T&E’s position paper argues that many loopholes must be closed to effectively scale a European battery value chain. T&E supports strong Made-in-EU policies to build Europe’s economic resilience, safeguard jobs and advance its climate and security objectives. The EU should ensure a ... [continued] The post Boosting Made-in-EU EVs & Batteries with the Industrial Accelerator Act (IAA) appeared first on CleanTechnica.