Posted on 12/09/2019 3:58:21 AM PST by Olog-hai
The European Union’s anti-trust authority approved €3.2 billion ($3.5 billion) in subsidies aimed at helping Europe boost its lagging competitiveness in the electric battery sector.
The subsidy from seven members states — Germany, France, Italy, Poland, Belgium, Sweden and Finland — will go to 17 different companies, a statement from the European Commission said. The investment injection will help generate an extra €5 billion in private investment, it added.
Electric battery production is an important industry sector for the Europe, and the push for subsidies is part of a broader push led by France and Germany to make sure Europe doesn’t fall behind in the transition from gas combustible to electric engines. […]
The subsidies are part of an EU campaign called the European Battery Alliance. Launched in 2017, it is designed to incentivize European industry to create an “Airbus” of batteries — a reference to the gigantic European multinational aviation company.
While the European Commission’s anti-trust body has previously held a strict line against state subsidies, in 2014 it gave more leeway to allow countries to back strategic transnational projects. …
(Excerpt) Read more at dw.com ...
Am I missing something here? Is there any other type of battery, that is NOT electric? 😁
Yup.
Battery Park in Burlington, VT, so named for all of the cannons that used to be there.
Battery being a concentration of artillery pieces.
Battery as in beating someone.
;-)
I hope they make a battery breakthrough but am not optimistic that a radical improvement in battery parameters going to happen. I’m glad it’s Europe’s money being spent, not ours.
Good, let them foot the bill for the R and D which the Chicoms will steal instead of us.
Thought for a second you meant Republicans and Democrats instead of research and development, lol. But the Chicoms stole lots of them too . . .
It wasn’t that long ago the earth was going to die because of all the batteries in landfills.
Plastic or paper V.2.
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