Europe

Countering Strong Incentives Outside, EU Attempts To Catch Up Using Various Subsidies Relevant subsidy programs for battery ecosystem

TIME

FUND

FOCUS

BUDGET

IPCEI Important Projects of Common European Interest

A European-wide initiative that aims to build up a sustainable and competitive battery value chain in Europe. 12 EU member states provide funding for more than 50 companies for the first industrial deployment of innovative battery technologies

€6.1 billion

Horizon Europe Programme and Co-Programmed Partnership Batt4EU

The aim of BATT4EU is to establish a European battery value chain by 2030. The objectives are to increase battery energy and power densities and charging rates, improve cycle lifetime, reduce battery costs, implement best-in-class operations for manufacturing and recycling, and reduce the carbon footprint. Battery research is also funded through other calls, such as those launched by the ERC and the EIC.

€95.5 billion €925 million for BATT4EU

TCTF Temporary Crisis Transition Framework

Support measures in sectors that are key for the transition to the net-zero economy. Enabling investment support for the manufacturing of batteries, solar panels, wind turbines, heat-pumps, electrolysers, as well as financial support to build up the recycling industry for critical raw materials

€1.287 billion (transition measures)

Innovation Fund

The Innovation Fund aims to help businesses invest in clean energy and industry to boost economic growth, create local future-proof jobs, and reinforce European technological leadership on a global scale

€38 billion

European Investment Bank

The European Investment Bank is the lending arm of the European Union. We are one of the biggest multilateral financial institutions in the world and one of the largest providers of climate finance.

Green finance target of € 1 trillion by 2030

Since 1958

Source: Batteries Europe

Extracted from the PDF; charts and images may read imperfectly.