{"id":279926,"date":"2021-06-21T18:17:56","date_gmt":"2021-06-21T15:17:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/europe-invests-47b-in-38-ev-battery-gigafactories\/"},"modified":"2021-06-21T18:17:56","modified_gmt":"2021-06-21T15:17:56","slug":"europe-invests-47b-in-38-ev-battery-gigafactories","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/europe-invests-47b-in-38-ev-battery-gigafactories\/","title":{"rendered":"#Europe invests $47B in 38 EV battery gigafactories"},"content":{"rendered":"

“#Europe invests $47B in 38 EV battery gigafactories<\/strong>”
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As EV sales are surging, Europe is trying to enhance its capacity to produce batteries domestically, instead of fully relying on Asian countries such as China, Japan, and South Korea, which are currently the major global manufacturers.<\/p>\n

As of May 2021, 38 battery cell gigafactories are being built or planned in Europe and the UK, according to the latest report<\/a> by the non-governmental organization Transport & Environment.\u00a0<\/span><\/p>\n

Out of the 38 projects, 17 have secured funding so far, estimated to be up to $30 billion between them. The amount consists of both private and public funding, including, for instance, Tesla\u2019s gigafactory in Berlin,\u00a0which received $1.4 billion in German federal and state support.<\/p>\n

Ten other projects have secured partial financing and support, making up at least $16.8 billion in potential investments. These include numerous national projects, key\u00a0to Europe\u2019s battery<\/span> autonomy, notably Verkor in France, Britishvolt in the UK, Italvolt in Italy, Basquevolt-Nabatt in Spain, and Freyr in Norway.<\/p>\n

In addition, 11 more gigafactories have recently been announced, but still lack firm commitments regarding location, planned capacity, and investment.<\/p>\n

What\u2019s the good news<\/a>? If all 38 gigafactories come through, 462 GWh worth of battery cells could be produced in 2025 and 1,144 GWh in 2030 \u2013 that\u2019s 13 times higher the current European supply of 87 GWh in 2021. According to Transport & Environment\u2019s analysis, this would give Europe one fifth of global cell production by 2025, rendering it second only to China .<\/p>\n

But while the estimated total 1100 GWh output of the factories would enable Europe to power\u00a0over 90% of all new vehicle sales by 2030, a slowdown\u00a0in electric vehicle sales would seriously jeopardize its chance to become a global leader.<\/p>\n

This means that there will need to be a continuous\u00a0increase in CO2 emission targets to incentivize car makers to escalate the manufacture\u00a0and sales of EVs by the same year.\u00a0<\/span><\/p>\n\n

Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up?\u00a0<\/span><\/i><\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Europe invests $47B in 38 EV battery gigafactories” As EV sales are surging, Europe is trying to enhance its capacity to produce batteries domestically, instead of fully relying on Asian countries such as China, Japan, and South Korea, which are currently the major global manufacturers. As of May 2021, 38 battery cell gigafactories are being…<\/p>\n","protected":false},"author":1,"featured_media":279927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/shift?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/europebattery.jpg&signature=b7e8590d335f9346c92802ed89d10bbf","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-279926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/279926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=279926"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/279926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/279927"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=279926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=279926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=279926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}