ELECTRIC VEHICLE BATTERY PRODUCTION PLANT
The European
Commission approved a €902 million German state aid measure to
support the construction of a plant for the production of batteries
for electric vehicles. The beneficiary has set itself the goal of
building the world's most environmentally friendly battery,
which produces significantly less CO2 emissions than other
companies when measured on produced level including recycling at
the end of life. The aid has an incentive effect, as without the
aid the plant would have been established outside the EEA. Further
Information can be found here.
INVESTMENT IN GREEN INDUSTRIES
The European
Commission approved a €2.9 billion French scheme for
supporting investment in green industries. Under this measure, the
aid will take the form of a tax credit. The measure will be open to
companies which plan projects to invest in the production of solar
panels, batteries, wind turbines and heat pumps, as well as
