Europe invests almost 200 billion euros in electric mobility

It is one of the biggest industrial shifts in Europe in recent decades, aimed not only at a green transition but also at reducing dependence on China for batteries and key technologies.

Majority of investments in batteries

The largest share of investment is directed towards the battery supply chain, where around €109 billion is allocated. An additional €60 billion is going towards the production of electric vehicles, while countries are investing between €23 billion and €46 billion in charging infrastructure.

There are currently more than a million public charging stations installed across Europe.

Europe wants to reduce dependence on China

The investments are a direct response to China's dominance in the battery industry. The International Energy Agency estimated this year that China produces more than 80 percent of all batteries in the world. Europe is therefore trying to establish its own production and strengthen its strategic autonomy.

According to estimates by New Automotive, Europe already produces batteries for about a third of electric vehicles sold on the domestic market.

Germany remains the center of the automotive industry

Germany is the largest investor, accounting for almost a quarter of all European investments in electric mobility. The country remains a key manufacturing hub for the European automotive industry and a major hub for the development of batteries and AI-supported manufacturing systems.

Jobs and the industrial future

According to estimates by E-Mobility Europe, current investments already support more than 150,000 jobs. If all planned projects are implemented, an additional 300,000 jobs could be created.

But experts warn that Europe still needs more stable energy prices, additional subsidies and protection of industry from cheaper competition to be globally competitive.

Green transition under pressure

The investments come at a time when the European Union is softening its environmental policy. In December, the European Commission announced the withdrawal of a de facto ban on new cars with internal combustion engines after 2035.

Nevertheless, researchers estimate that investment growth is being maintained primarily by higher fuel prices, a wider range of electric vehicles, and the long-term need for energy independence.