The EU must increase its support for electric vehicle battery manufacturers as the bloc’s capabilities trail behind those of other global powers, Benoit Lemaignan, CEO of Verkor, told Euronews.
“We are not protected against unfair competition coming from outside the bloc,” he said. “If you want to sell batteries in Europe, you should localise. If you don’t, you should have a mechanism like a border tax to create a level playing field,” he added.
