The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.
The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.
That doesn’t seem very much at all.
Three year old article
"State subsidies for company cars top €32bn in UK and EU
UK alone spends €5.7bn and Germany €12bn but analysis finds subsidies often go towards most polluting fleet vehicles"
Especially heat pumps and insulation could do with huge goverment aid.
[…] combat cheap Chinese imports.
Tariffs? But companies are relying on China too much.
