Charging ahead: Europe´s quest to become a top global battery producer probed by EU auditors

Source: European Court of Auditors i, published on Tuesday, May 10 2022.

The European Court of Auditors is launching an audit to find out whether the European Commission has been effective in developing a globally competitive and sustainable value chain for batteries in the EU and whether the projects supported in the Member States maximised the impact of EU funding. The audit comes against the backdrop of a rapid increase in European battery production expected by 2025 and the EU becoming the world’s second largest battery producer after China. Increasing sustainable battery production in the EU will not only facilitate the EU’s clean energy transition, but will also be key to the competitiveness of its car industry and reducing its dependence on foreign battery suppliers, the auditors note in today's preview. The EU will also face a crucially important task in securing raw materials.

“Batteries are highly relevant for Europe's role as a major industrial player and a leader in the clean energy transition, as well as for its strategic autonomy,” said Annemie Turtelboom, the ECA member who will lead the audit. “We will assess whether EU action is promoting a battery boom in Europe and contributing to a competitive and sustainable value chain.”

Press Release: Charging ahead: Europe's quest to become a top global battery producer probed by EU auditors