two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, new analysis
. T&E looked at project maturity, funding, permits, and companies’ links to the US to analyse how much of Europe’s 1.8 TWh battery factory potential is at risk.68% of potential battery production capacity in Europe is at risk of being delayed, scaled down or not realised if further action is not taken
In theory, one might argue that European and American battery supply chains can develop in parallel and benefit from efficiencies. In practice, skilled workforce, company capital to invest in procurement and permits, and above all supply of raw materials such as lithium, are all in short supply. This means the global race to capture battery manufacturing is in reality more of a zero sum game. Companies from Northvolt, to Polestar to Iberdrola have already signalled expanding in the US.
Wherever Europe’s ambition in battery supply chains is discussed, the question arises around raw materials availability. Europe is not a mining super power, but a combination of responsibly sourced global imports, sustainable domestic projects and, above all, critical metals coming from waste streams can help the bloc secure access.
Simplify permitting and approval processes for battery value chain projects, while ensuring strong social and environmental safeguards and engagement of local communities.
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