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EV battery grants set to limit EU’s dependency on China

By Stefano Porciello, Oscar Pandiello, Joanna Sopinska and Inbar Preiss ( December 3, 2024, 16:23 GMT | Insight) -- EU battery cell manufacturing projects for electric vehicles will stand a better chance of getting European funding if they diversify away from China, new rules earmarking 1 billion euros to the sector show. New patents originating from the awarded projects will have to be registered in Europe, according to the rules.EU electric-vehicle battery cell manufacturers trying to obtain European grants are being pushed by the bloc’s new Innovation Fund rules to source key materials from countries other than China....

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