Lead Story
Aug 10, 2026
EU opens €1.5B interest-free loan scheme for EV battery makers
The European Commission is offering up to €1.5 billion in interest-free loans to support EV battery cell production in the European Economic Area, targeting the costly ramp-up phase before commercial stability. The funding aims to counter Chinese dominance as European manufacturers struggle with bankruptcies and project cancellations.
Priya Sharma