Innovation Segment : Non-storage EV components

Innovation Insights

Electric vehicle battery production state subsidies - Germany

Germany

The German government will invest more than €1.5 billion ($A2.4 billion) in battery cell research and production, starting with a €300 million ($A488 million) grant awarded to battery company Varta.

The funding is the first step in a new initiative set up under the European Union’s Important Project of Common European Interest (IPCEI) program. Along with Varta, four other companies with battery-cell projects in Germany will also be receiving grants from the Ministry of Economic Affairs and Energy, including BASF, BMW Group, Opel, and Umicore.

More details

Innovation theme: EV battery production subsidy, 40% of the value creation of electric vehicles, grants from the Ministry of Economic Affairs and Energy, including BASF, BMW Group, Opel, and Umicore.

 

 

 

Relevant for

  • Electrical engineer
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Innovation sector

  • Chemistry & chemical engineering
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  • Energy efficiency
  • Energy storage

Domain

Renewable Energy

Energy Efficiency

Energy storage

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Waste management

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Type of innovation

Core sciences & engineering

Stakeholders

University researcher

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Startup or entrepreneur

Solution provider

Industry