BRUSSELS, March 2 (Reuters) - Scaling up production in Europe could cut the cost gap between EU-made batteries and those coming from China to around 30% from a current 90%, transport and environment campaign group T&E said in a report on Monday, and it urged the EU to support the sector with its “Made in Europe” plans.
The EU and the countries in it are already subsidizing a lot of commercial activity that’s deemed “essential”, such as agriculture and auto industry. They don’t necessarily have to be directly competitive.