Source: CleanTechnica
T&E’s reaction to the proposed Industrial Accelerator Act. Local content rules are a positive step for Europe’s battery industry as corporate cars will be required to have local batteries. But extending EV purchase subsidies to all FTA countries and requiring non-strategic components to be local, undermines its effectiveness. From 2027, ... [continued] The post IAA Will Ensure Most EVs Sold in Europe Will Have Batteries Made in the EU, but Loopholes Threaten Its Impact appeared first on CleanTechnica.