Europe’s EV Investments Near €200 Billion as Clean Mobility Push Accelerates

Countries across the European Economic Area (EEA) and Switzerland have committed nearly €200 billion toward developing the electric vehicle (EV) ecosystem, according to new data released by research group New Automotive on May 11, 2026. The investments reflect Europe’s accelerating push to strengthen clean mobility infrastructure and reduce dependence on overseas battery supply chains. The report shows that around €109 billion has been directed toward battery supply chains, while approximately €60 billion has gone into EV manufacturing. An additional €23 billion to €46 billion has been allocated for public charging infrastructure, with more than one million public charging points now deployed across the region. Germany emerged as Europe’s largest EV investment hub, accounting for nearly a quarter of the total commitments. The report noted that Europe now produces batteries for roughly one in three electric vehicles sold within the region, highlighting growing efforts to build domestic manufacturing capacity and reduce reliance on China, which currently dominates global battery production. The investments are expected to support over 150,000 jobs, with the potential to create another 300,000 positions as projects expand. Policymakers and industry groups say continued investment in EV production, charging networks, and battery manufacturing will be essential for meeting Europe’s climate targets and advancing the transition toward low-emission transport systems.