EU commits 3 billion euros to lure battery factories, too late?

This edition of The Mobility Week in Review explores Europe's renewed dedication to fast-tracking the battery manufacturing sector, the revival of night trains connecting Paris and Berlin, Tesla's architectural shift, and Lufthansa's revitalized interest in flying taxis.

Without delay, let's get into it...

🔋 Against the clock: EU throws its hat in the ring for gigafactories

The European Union has chosen to play a more proactive role in the worldwide competition for battery gigafactories. The European Commission will extend €3 billion in subsidies to battery manufacturers, aiming to revitalize the electric vehicle industry and compete with China. This proposal is part of a potential agreement with the UK to delay the imposition of tariffs on electric vehicles traded between the two entities from January 1.