Risk of battery production plans in select European countries 2024, by level of risk
In 2024, over 130 gigawatt-hours of lithium-ion battery projects were at risk of non-completion in Europe, of which the majority in Germany. Projects with a medium risk of being canceled or scaled-down totaled 770 gigawatt-hours in the European region.
After the Inflation Reduction Act in the United States, European companies started to prioritize the expansion of battery capacity in the American market, made extremely competitive by government subsidies and tax benefits.
