Public research and development incentives for EV and stationary battery research amount to between EUR 80 million and EUR 85 million every year. As the European lead market in the energy transition age, Germany provides the opportunity for companies to develop, test, define and market new energy storage solutions.
While the demand for energy storage is growing across Europe, Germany remains the European lead target market and the first choice for companies seeking to enter this fast-developing industry. The country stands out as a unique market, development platform and export hub.
Germany boasts a dense landscape of world-leading research institutes and universities active in the energy storage sector. They work closely together with industry to bring innovations to the market. The federal government supports research and development in the energy storage, hydrogen, fuel cell, and electric vehicle sectors.
In combination with expected economies of scale, battery system prices are predicted to fall below USD 150 per kWh. Germany is synonymous with world-class automotive inno-vation. A number of studies attest to the fact that Germany is already one of the world's leading electric vehicle technol-ogy supply markets.
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