Europe to channel 100 billion Euros into battery production

The reason European countries pushing battery production so hard is that demand for batteries is expected to skyrocket in the coming years, like 10 times present levels. This is for electric vehicles and also fixed electricity storage.

As a consequence there is a race all around the world to increase battery production as fast as possible, and the European countries don't want to get left behind.

https://www.greentechmedia.com/articles/read/europe-set-to-r...