EU Industrial Accelerator Act (IAA)<\/a> which defines made-in-EU criteria for EVs to be eligible for company car tax incentives. T&E said the draft law, if tightened by lawmakers, can support investment in a domestic battery industry and help make Europe\u2019s supply chains more resilient against being weaponised by rivals.<\/p>\nThe IAA proposal defines made-in-EU batteries as having at least three components, including the cells, produced in Europe. In 2030 this rises to at least five components, including cells, cathode active materials (CAM) and battery management systems (BMS). EVs will also be required to have green steel, while 70% of their components, excluding batteries, will have to be produced in the EU.<\/p>\n
Julia Poliscanova, senior director for vehicles and emobility supply chains at T&E, said: \u201cThis is a positive step for Europe\u2019s battery industry as company cars will soon have to run on locally made batteries. We finally have a tool to avoid foreign countries turning off clean tech supplies to Europe. But parliamentarians and capitals must tighten the many loopholes to truly give investors certainty that they can bank on Europe\u2019s battery industry.\u201d<\/p>\n
However, T&E criticised the eligibility for purchase subsidies of EVs produced in free trade agreement (FTA) countries. It also said the mission creep from the original aim of the law means that it now covers non-strategic EV components such as seats and seat belts. The exclusion from the rules of cathode precursors (pCAM), which account for over half of the battery cell value, is also worrying as it will undermine building a local recycling sector. <\/p>\n
The IAA will now be debated by the EU Parliament and EU governments before becoming law.<\/p>\n","protected":false},"excerpt":{"rendered":"\u2022 Local content rules are a positive step for Europe\u2019s battery industry as corporate cars will be required…\n","protected":false},"author":2,"featured_media":803512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[23408,2000,299,5187,33976,82251,8635,118811],"class_list":["post-803511","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-accelerator","tag-eu","tag-europe","tag-european","tag-industrial","tag-proposed","tag-reaction","tag-tes"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116171184995885437","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/803511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=803511"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/803511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/803512"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=803511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=803511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=803511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}