European 2030 battery pipeline falls 176 GWh this year amid EV slowdown

A slowdown in European electric vehicle (EV) demand is leading to a cutback in gigafactory expansions as Benchmark analysis shows 176 gigawatt hours (GWh) of capacity has been removed from the pipeline in 2024. EV sales in the European market – comprising the EU, UK, and EFTA – were down an estimated 4% between January […]