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In response to the crisis in the battery sector, the EU is preparing the Industrial Accelerator Act, which aims to stabilize and revive European production of batteries for electric vehicles. The new “Made in EU” rules will require that electric vehicles sold in the EU contain key battery components manufactured in Europe. Public procurement and subsidies will be tied to the local origin of batteries, which is intended to reduce dependence on China. spglobal.com 🇬🇧