Upstream and downstream policy push: Europe Regional Spotlight Compared with China and the US, Europe’s upstream and downstream footprint in the global battery supply chain footpri
Compared with China and the US, Europe's upstream and downstream footprint in the global battery supply chain is small. No major critical mineral used in the sector is mined or processed primarily on the continent, and cathode, anode or cell development and installation are not centred there. A package of policies under the EU's Industrial Accelerator Act (IAA) aims to boost Europe's manufacturing presence in the industry, which the text states is required if Europe is to meet more of its own demand for electric vehicles and battery energy stationary storage, both anticipated to grow significantly through to 2040.
Why it matters: The IAA package sits within the briefing's industrial policy theme, since Europe's capacity to serve its own EV and storage demand depends on building mineral processing and cell manufacturing that the text says is currently absent from the continent.