Battery makers have welcomed the proposed European response to a huge package of US subsidies for green technology, but warned it must be followed with swift action or investment will drain across the Atlantic.
Volkswagen and Norway’s Freyr Battery have both brought forward plans to build battery factories in North America and delayed plants in Europe because of generous subsidies in the US Inflation Reduction Act that can add up to as much as $10bn per factory.
Several European industrial groups have criticised the EU’s response — the Net Zero Industry Act announced earlier this month — but battery makers, a crucial sector much courted by Brussels in the past five years, struck a different tone.
您已阅读22%（703字），剩余78%（2430字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。