EU battery plan aims to narrow price gap with China
A T&E report says scaling production could cut the battery cost gap with China to 30 percent. The group urges the EU to support the sector with its new plan.
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A report from the transport and environment campaign group T&E suggests that scaling up production within Europe could drastically narrow the price difference between locally manufactured batteries and those imported from China. Currently, the cost gap stands at approximately 90%, but the group argues that a Made in Europe strategy could reduce this disparity to around 30%.
