European Union imposes new battery production rule, sparking pricing concerns continent-wide. Brussels think tank Bruegel warns local content rules protect established manufacturers unfairly.
Required EU battery cell production increases costs from fifty to eighty-five euros per kilowatt-hour.
Typical electric vehicle buyers might pay around two thousand one hundred euros additional costs. Low-carbon steel regulations mean about two hundred euros extra, intensifying affordability challenges.
Simplified type-approval rules could save sixty-one euros per vehicle for each producer. Bruegel urges temporary export quotas with China and encourages foreign investments for competitiveness.