Europe’s EV Market
Strategically positioned in the heart of Europe, the Cinovec vertically integrated battery metals project is secure, sustainable EU supply for EV/Battery gigafactories.
European EV sales are booming
Europe is buying electric vehicles at a record pace and has overtaken China as the world’s biggest EV market, as consumers are encouraged by government subsidies as well as new cars and hybrids from leading car manufacturers entering the market.
New car sales
Germany
Sep-2021
Source KBA
New car sales
France
Sep-2021
Source CCFA
New car sales
United Kingdom
Sep-2021
Source SMMT
EU Auto Regulations Support Significant EV Uptake
- EU spends big on climate change – €550 billion to be spent on climate over 2021-27
- Just Transition Fund – €40 billion fund to transition fossil fuels to green energy
- EU CO2 targets tighten – €billions potential fines for non-compliant automakers
- EU self-sufficiency – Targeting 80% lithium self-sufficiency by 2025
Europe driving exponential global EV sales growth
