Menon Economics, commissioned by NHO, has conducted an analysis of the current state of public support programmes for the battery industry in Europe and the USA, in light of recent changes to the respective subsidy regimes. The Inflation Reduction Act has significantly altered the landscape of battery subsidies, giving a distinct advantage to US-based manufacturers. The discrepancy in the level of subsidy is likely to contribute to faster growth of the industry in the US compared to Europe.

Contact person: Jonas Erraia