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By 2025, the EU plans to make batteries for 6 to 8 million electric cars per year.

 To build this industry, “investments in the sector reached more than €120 billion in 2019 and 2020 alone – that is three times more than in China,” Maroš Šefčovič, the European Commission’s Vice-President for International Relations, told Interfax-Ukraine last week during his 2-day visit to Ukraine. “So there is a huge dynamic. We are your neighbor.”

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In another sign of economic recovery, the government received 6% more tax revenues in the first half of the year than targeted,