The reason European countries pushing battery production so hard is that demand for batteries is expected to skyrocket in the coming years, like 10 times present levels. This is for electric vehicles and also fixed electricity storage.
As a consequence there is a race all around the world to increase battery production as fast as possible, and the European countries don't want to get left behind.
> The reason European countries pushing battery production so hard is that demand for batteries is expected to skyrocket in the coming years, like 10 times present levels.
How could greedy capitalists possibly know how much money should be invested for optimal return at a reasonable risk?
Centrally planned political projects are their answer to everything. It's going to work great, just look at Galileo!
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[ 4.1 ms ] story [ 14.1 ms ] threadAs a consequence there is a race all around the world to increase battery production as fast as possible, and the European countries don't want to get left behind.
https://www.greentechmedia.com/articles/read/europe-set-to-r...
How could greedy capitalists possibly know how much money should be invested for optimal return at a reasonable risk?
Centrally planned political projects are their answer to everything. It's going to work great, just look at Galileo!