EU ‘could end reliance on China for electric car batteries by 2030’ | Technology sector

Europe could end its reliance on China for electric car batteries by 2030 but only if it keeps pace with Joe Biden’s $369bn (£298bn) green subsidy spree, experts predict.A report by the renewable energy campaign group Transport & Environment said the EU was on track to produce enough lithium-ion battery cells by 2027 to meet demand and cut China from supply chains. “Li-ion” batteries are rechargeable and used in consumer electronics and electric cars.The study forecasts that Europe’s reliance on China for the refining and processing of battery metals could also fall dramatically – predicting more than 50% of Europe’s refined lithium demand can come from European projects by 2030.There are now no lithium refineries in Europe, and about 90% of the world’s processing of the meta takes place in east Asia. But refinery projects under way in Germany and France are expected…

Read more…