Tuesday, September 27, 2022

HomeInnovationHungary leads CEE in joining the European Battery industry’s goals

Hungary leads CEE in joining the European Battery industry’s goals

Hungary takes the lead in Central Eastern Europe to join the European Battery industry’s goals to secure a successful green transition within the automotive and energy sector with a strong battery industry in order to achieve the national as well as the European climate-goals. 

The Hungarian Ministry of Innovation and Technology in cooperation with EIT InnoEnergy has launched a sector-wide consultation to develop a national strategy for the Hungarian battery industry, to drive economic development and growth while ensuring the successful green transition of the Hungarian energy and mobility industries. The Hungarian National Battery Strategy will be completed at the beginning of 2021 according to plans.

As the future of transport is electric, the availability of the highest quality energy storage is a prerequisite for the development of the energy industry to secure the successful transition of the automotive sector. Besides the spectacular growth of the battery industry worldwide, the fundamental goal is to support the European efforts towards net zero emissions by 2050. Under the Effort Sharing Regulation (ESR), Hungary’s 2030 target for greenhouse gas (GHG) emissions is 7 per cent points lower than the 2005 levels.

The newly initiated Hungarian Battery Strategy will enable Hungary, together with local and international industry partners, authorities, the academic and financial sectors to become an integral part of the European supply chain and the European Battery Alliance (EBA).

“The goal of our common work is to develop a strategy for the battery industry that can create opportunities for Hungarian companies, that can create employment and one that is able to drive more innovation in the region,” said Péter Kaderják, Hungary’s State Secretary for Energy and Climate Policy. “Our work will support the Hungarian economy’s growth and development while facilitating its integration to the European supply chain.” 

“The development of the CEE region is critical in ensuring the green transition of Europe,” added Diego Pavía, CEO of EIT InnoEnergy. “In order to create a more sustainable world with cleaner vehicles, our goal is to engage the region in contributing to a competitive and advanced battery value chain in Europe.”

The EU automotive sector directly employs 2.7 million people in manufacturing. Hungary is in the top 5 countries when it comes to direct automotive employment in total manufacturing. Today the Hungarian battery production capacities are the 11th largest in the European Union. For the domestic automotive industry to maintain its key economic role and international competitiveness in the future, Hungary must pay special attention to the megatrends of the automotive industry, therefore focus on the policy creation and industrial development of the battery market.

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