As of February 2023, the total production capacity of lithium-ion batteries in Europe was projected to reach 1.8 terawatt-hours by 2030. However, approximately 70 percent of these projects were at risk of being delayed or canceled. The highest volume of battery production plans at risk was in the European countries of Germany and Hungary.
With the Inflation Reduction Act, the United States has introduced several advantages for battery manufacturing companies. For this reason, investments in battery production capacity are shifting from Europe to the U.S., creating a gap between European demand and supply of battery cells.
Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk
Characteristic
Share of capacity
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Transport & Environment. (March 6, 2023). Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/
Transport & Environment. "Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk." Chart. March 6, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/
Transport & Environment. (2023). Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/
Transport & Environment. "Distribution of Lithium-ion Battery Production Capacity Planned in Europe as of February 2023, by Levels of Non-completion Risk." Statista, Statista Inc., 6 Mar 2023, https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/
Transport & Environment, Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk Statista, https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/ (last visited July 22, 2024)
Distribution of lithium-ion battery production capacity planned in Europe as of February 2023, by levels of non-completion risk [Graph], Transport & Environment, March 6, 2023. [Online]. Available: https://www.statista.com/statistics/1375146/share-of-planned-battery-production-capacity-at-risk-europe/