“It’s Stupid”: German Professor Slams Berlin Battery Play

Original post

Authored by Jon LeSage via Oilprice.com,

Electric car battery sales are projected to hit $60 billion by 2030, and Germany wants to grab the lead.

That will be a tall wall to climb, with Chinese, Korean, and Japanese firms dominating the space so far.

In November, the German government announced a €1 billion ($1.12 billion) fund for German companies to develop and build battery cells. It’s part of the country’s “National Industrial Strategy 2030,” unveiled in February, which voices concern that Asian battery makers will dominate electric vehicles and autonomous driving of the future.

Companies were assigned to express interest in tapping into the battery

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