Europe Has Invested 200 Billion Euros to Support Its Domestic EV Automotive Industry

Published: May 12, 2026 13:13

Save

[Europe Has Reportedly Invested €200 Billion to Date in Supporting the EV Industry] Data from research institution New Automotive showed that countries in the European Economic Area and Switzerland had invested nearly €200 billion (approximately $235 billion) in the domestic EV ecosystem. Investment was primarily concentrated in the battery supply chain, where related spending had reached €109 billion. Europe was attempting to break China's monopoly in battery production.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use

According to Indonesian state news agency Antara and other local media on May 14, Chief Operating Officer of Hyundai Motor Indonesia (HMID), met with reporters the previous day at an event in Jakarta announcing the winners of the “FIFA World Cup 2026 Test Drive Campaign.” He said, “Since establishing the Karawang battery cell plant, we have had a clear goal of maximizing the use of Indonesia’s nickel resources,” adding that “directly utilizing these resources in industry is a way to contribute to the national economy, and Hyundai Motor fully supports the government’s plan to expand incentives.”

8 hours ago

9 hours ago

China's Used Car Market Sees April 2026 Sales Dip, Year-to-Date Volume Up

According to data released by the China Automobile Dealers Association, in April 2026, the national used car market recorded a transaction volume of 1.6712 million units, down 6.73% MoM and down 1.76% YoY, with a transaction value of 113.476 billion yuan. From January to April 2026, the cumulative used car transaction volume reached 6.4932 million units, up 2.93% YoY, an increase of 184,600 units compared with the same period last year, with a cumulative transaction value of 426.358 billion yuan.

9 hours ago

10 hours ago

C&D Inc. Signed Cooperation Memorandum with CATL

[C&D Inc. and CATL Signed Strategic Cooperation Memorandum] Xiamen C&D Inc. and CATL signed a strategic cooperation memorandum. The two parties will leverage overseas investment as a bond to conduct in-depth cooperation across the upstream and downstream of the new energy industry.

10 hours ago