The European Commission has given the green light on the second Important Project of Common European Interest (IPCEI) in the field of batteries
Vice-President Margrethe Vestager has announced that the European Commission has approved the second Important Project of Common European Interest (IPCEI) on batteries with a total value of 12 billion euros.
Vice-President Šefčovič states that this “represents another giant leap forward” under the European Battery Alliance and will help “revolutionise the battery market” by focusing on beyond-state-of-the-art lithium-ion batteries as well as on next-generation post-lithium-ion battery technologies.
It will also foster new manufacturing processes with higher energy efficiency and lower carbon footprint and will “benefit the European economy through spillover effects”.
“Europe is raising its game in ground-breaking research and innovation”
It involves 12 member states and provides up to 2.9 billion euros as state aid in support of 46 projects.
Under the project, Europe should be manufacturing enough battery cells each year to power at least six million electric cars by 2025.
The next steps
Firstly, all industrial players will need a predictable legal environment that supports them in innovating and preparing for the expected surge in e-mobility by 2023.
Secondly, Europe must enhance reskilling and upskilling for the 800-thousand workers needed by 2025.
You can read Vice-President Šefčovič full speech here
