The push to construct battery cell crops in Europe to fulfill rising demand has accelerated by 2023, with each signal that this may proceed in 2024 and past. The important thing driver is the phase-out of inside combustion engine (ICE) automotive gross sales throughout Europe by 2035. And all through this era, OEMs will discover their capacity to promote ICE powered automobiles severely constrained by guidelines such because the UK’s zero emissions automobile mandate (ZEV) or EU guidelines requiring a gentle discount in CO2 emissions by every OEM’s gross sales combine.

However whereas the transfer to electrical autos (EVs) is just about unstoppable in automobiles, in LCVs the state of affairs is totally different. And at Ford, plans to construct a brand new battery plant in Turkey for the Transit van (and a brand new Volkswagen van which can be made there too) have been cancelled.