The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.
The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.
This article is also 3 three years old; Germany allocated € 5 bn and UK 3 bn for EVs.
If I see this correct, it was a 44-56 % split three years ago.
I couldn’t find any proper comprehensive and comparable studies for subsidies and investments in ICE and EV.
Also there is a difference between subsidies like incentives, tax cuts, and investments
Still substising a developed industry that is polluting seems like a bad idea. Don’t know why they are getting any money to make an ICE car
I’m not even convinced the push to evs is the right answer. It should be a push to public transport.