Europe is projected to become the second largest market for electric vehicles, with sales of 7M EVs by 2025. This dramatic increase in electric cars will be driven primarily by EU regulations on CO2 reduction, the strong commitment of European OEMs and local demand. To support this growth, it’s inevitable that battery Gigafactories will need to be built in Europe.
So, what makes Lithuania a natural choice for one of these Gigafactories?
- Easy entry: low labor market saturation levels and competitive costs.
- Best business environment: fast permitting and strong work ethics.
- Sustainable manufacturing: transport electrification goes hand in hand with renewable energy.
- Well-developed logistics.
Come and talk to us at Advanced Automotive Battery Conference to hear more about what Lithuania has to offer!