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battery demand set for boost as France & Germany lead way with electric vehicle stimulus packages","european-battery-demand-set-for-boost-as-france-germany-lead-the-way-with-electric-vehicle-stimulus-packages","article/european-battery-demand-set-for-boost-as-france-germany-lead-the-way-with-electric-vehicle-stimulus-packages",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":633,"featured":50,"reporter":634,"_editable":638,"component":639,"seo_title":553,"categories":640,"visibility":644,"author_company":49,"featured_image":645,"seo_description":633,"author_full_name":49,"author_job_title":49,"formattedDate":650,"formattedArticleDate":651},"9fefe389-bcf5-499c-85a9-6048dd80104e","2020-06-12 00:00",[560],{"slug":561,"name":562},"europe","Europe",[564],{"slug":565,"name":566,"content":567},"didi-bostock","Didi Bostock",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Editor - Energy Transition & Economics",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":574,"content":575},"doc",[576,583,588,593,598,603,608,613,618,623,628],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"The past two weeks has seen both France and Germany announce post-coronavirus economic stimulus packages, with a particular focus on boosting their domestic electric vehicle (EV) industries. With both countries’ auto manufacturers suffering falls in output and demand as a consequence of COVID-19 and economic shutdowns, both states are looking to secure an advantage in Europe’s nascent electric vehicle industry while also protecting their existing automobile industries.","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"The fallout from COVID-19 has seen auto sales crashing in the region and has arguably forced the hand of both the French and German governments to intervene. The fall in sales have been drastic, for instance France’s Peugeot and Citroen parent, PSA Group, reported sharp falls in sales with PSA’s global sales in April were 53,602 units, down from 299,628 in the previous year.",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"President Macron’s support package in response to France’s ailing auto industry will see €8 billion in state aid going to the sector. The state subsidy on electric vehicles is set to increase from €6,000 to €7,000 for list price vehicles up to €45,000. Other measures also include a scrappage scheme with additional incentives for switching to electric vehicles and a buildout of charging infrastructure across the country. The bulk of the aid package is made up of a €5bn loan to French automaker Renault, with caveats to ensure that EV production for the group is set up on French soil.",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"As part of the package Renault will join the cross-country European battery cell production joint venture Automotive Cell Company (ACC) headed by Total battery arm, Saft and PSA. ACC is in the process of developing two lithium ion battery megafactories with a target capacity of 24 GWh, initially set to commission by 2023 in Douvrin in France, with the second to commission a year later in Kaiserslautern, Germany. The 24 GWh capacity may be extended with the addition of Renault to the joint venture as European governments push for increasing penetration rates of electric vehicles.",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":582},"The two ACC megafactories were first announced earlier this year and the initial investment decision was triggered by the approval of €3.2 billion in funding from the European Commission to support the wider European battery supply chain. European Commission support will play a central role in these projects as the ACC plants are expected to receive up to €1.3 billion of public money.",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"Shortly following the announcement of France’s EV support package, Germany issued its own stimulus package with €2.5 billion support for electric vehicles in response to the economic fallout from COVID-19. This package includes a doubling of incentives for electric vehicles — €6,000 for a pure electric vehicle priced under €40,000 — this is in addition to manufacturers receiving €3,000 per vehicle. Following on from this announcement it has also been reported that €1.5 billion of spending would be focused on the support of domestic battery cell production in Germany.",{"type":577,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":582},"Germany is already leading the way in Europe in terms of lithium ion battery cell production in the pipeline, with 173 GWh and 6 megafactories of capacity in the pipeline for 2029 according to the latest Benchmark Lithium ion Megafactory Assessment. The biggest announcement of the past 12 months was Tesla’s announcement of the Gigafactory 4 in Berlin, but China’s Tier 1 battery manufacturer CATL also has a megafactory in the pipeline, which Benchmark’s assessment showing a capacity in the pipeline of 70GWh by 2029. Volkswagen, which is the leading much of Germany’s electrification drive, has also set out plans for a megafactory in Salzgitter, Germany, through a joint venture with Sweden’s Nortvholt.",{"type":577,"attrs":614,"content":615},{"textAlign":49},[616],{"text":617,"type":582},"While incentives and support on the increase are on the increase, European automakers are also having to lower their carbon emissions as European CO2 emission targets are phased in before full implementation in 2021. Failure to meet these targets will see automakers hit with potentially billions of euros of fines, which gives European automakers little choice but to continue introducing electric and hybrid vehicles to bring their average emissions down.",{"type":577,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":582},"To effectively support the buildout of electric vehicles on the continent both industry and governments need to look upstream to battery cell and raw material supply. The potential for supply shortfalls and bottlenecks has already been illustrated in 2020 when during Q1 a number of OEMs reported Tier 1 battery cell shortages, highlighting how critical it is to manage supply chain risk.",{"type":577,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":582},"Outside of China, Europe is emerging as the leading battery megafactory region with 16 megafactories and 413GWh of capacity in the pipeline for 2029. Europe’s leading position is double that of North America, which is set to be the third largest region behind Europe and China with 8 megafactories and 217 GWh in the pipeline over the same period.",{"type":577,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":582},"But Europe still has a long way to go in building out its supply chain capabilities. Outside of lithium ion cell capacity in the pipeline it has little upstream capacity located or set to be located in the region. There are moves to develop this capacity in Europe as companies like BASF and Umicore are in the process of developing cathode production capacity on the continent. Despite these developments Europe only accounts for 5% of global cathode capacity in construction and 5% of capacity in the planning phase according to Benchmark’s Cathode Market Assessment. Benchmark’s Anode Market Assessment also shows that anode manufacturing capacity is non-existent in Europe with no capacity in construction and only 3% of global capacity being planned on the continent.","The past two weeks has seen both France and Germany announce post-coronavirus economic stimulus packages, with a particular focus on boosting their domestic electric vehicle (EV) industries. With both countries’ auto manufacturers suffering falls in output and demand as a consequence of COVID-19 and economic shutdowns, both states are looking to secure an advantage in […]",[635],{"slug":565,"name":566,"content":636},{"job_title":568,"image":637,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"9fefe389-bcf5-499c-85a9-6048dd80104e\", \"id\": \"\"}-->","article",[641],{"slug":642,"name":643},"batteries","Batteries","private",{"id":49,"alt":646,"name":646,"focus":646,"title":646,"source":646,"filename":647,"copyright":646,"fieldtype":648,"meta_data":649,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/9dc1a53a4e/bm-europe-map.png","asset",{"alt":646,"title":646,"source":646,"copyright":646},"Jun 12, 2020","12th June 2020",[],[],1792773940267]