Batteries, a key sector supported today by the European Community.

To support electric mobility in the European Community, by facilitating the most important companies in the sector to continue investing in research and development, Brussels has decided to inject liquidity into a strategic market, such as that of long-lasting batteries, for the future.

With a common investment of 3.2 billion euros dedicated to improving the diffusion and technical qualities of long-lasting batteries, the European Community wants to give further impetus to the transition from a mobility linked to oil to one linked to electricity.

The project, which sees the joint participation of Italy, Germany, France, Belgium, Finland, Poland and Sweden, will involve 17 companies from these countries.

The companies involved, explains Marrethe Vestager , European commissioner for competition and executive vice-president for the project “Europe ready for the digital age”, will involve, in turn, about 70 other subjects, who come from public and small and medium research laboratories companies.

In the forecasts of the European Commissioner, this appropriation by the countries participating in the project will probably be the driving force for further private investments estimated at around 5 billion euros .

The European production of long-life batteries, produced through the use of lithium-ion cells, currently covers only 1% of world production, therefore, this new financial and technical impulse has the aim of bringing European production of these batteries at around 20-25% of what will be produced in the world.

According to Bcg, the turnover forecast for the sector for the year 2027 will be around 45 billion euros , so it is clear how important it is not to fall behind.

The completion of the European Community project is scheduled for 2031.

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