Weak Emission Standards Put $27 Billion EU Battery Investment At Risk ...Middle East

An analysis published by the European Federation for Transport and Environment states that the EU and the UK risk wasting €27 billion in battery investments if they fail to strengthen car and van CO2 emission standards. The non-governmental organization points out that the surging EV market in the Old Continent has resulted in plans for 38 battery gigafactories, totalling over 1000gWh of output and almost €40 billion in investment.    Out of the 38, 17 planned gigafactories have secured full funding, worth €25.5…

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