“The Train to Produce Electric Batteries in Europe Has Already Departed,” This Economics Expert Is Clear that You Cannot Fight China – Hybrids and Electrics

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When the boom in electric cars had not yet exploded, Europe intended to build 20% of the world’s batteries. Six years later, and after the collapse of its main battery company, Northvolt, “the train to produce electric batteries in Europe has already departed,” says German economics expert Moritz Schularick, president of the Kiel Institute for World Economics. This economics expert has made these statements to the German newspaper Kieler Nachric…