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Economy & Policy

Hungary will create National Battery Strategy

Hungary is the first Central European country to join the European Battery Association.

The Ministry of Innovation and Technology (ITM) has announced its cooperation with the EIT InnoEnergy, the professional knowledge and innovation community of the European Institute of Innovation and Technology. The partnerships will work toward an efficient green transition in the transport, vehicle manufacturing and energy industries.

One of the most important results of the joint work will be the creation of the National Battery Strategy to provide new opportunities for Hungarian businesses, create jobs and encourage the region’s innovation efforts. This strategy will also enable Hungary to become an integral part of the European Battery Association by extending the cooperation to an international level. 

Out of the 2.7 million people working in vehicle production in the European Union, more than 100,000 work in Hungary. In addition to employment, the sector is also a determining factor in domestic economic performance, industrial production, exports and technological development. Hungary needs to pay close attention to sectoral megatrends in order for the domestic automotive industry to maintain its key economic role and international competitiveness in the long run. 

The future of sustainable transport depends on the development of the electricity, automotive and energy industries, that is, the best possible quality of energy storage. The aim of this partnership is to develop a strategy that will transform the Hungarian energy and mobility sector into environmentally friendly solutions.

The modernization of the battery industry will also greatly contribute to the realization of national and international climate targets and help Hungary reduce greenhouse gas emissions by 40 percent by 2030 and achieve net zero emissions by 2050. 

Péter Kaderják, State Secretary for Energy and Climate Policy at the Ministry of Innovation and Technology, said that the government is supporting the greening of domestic transport and the spread of electric mobility via several measures. The number of newly launched alternative-powered vehicles in Hungary increased the most in Hungary in the first three quarters of this year, he stated.

Diego Pavía, CEO of EIT InnoEnergy, added that developments in Central Europe could play a key role in greening the European energy sector. 

The parties will involve domestic industry partners, enterprises, authorities and representatives of the scientific and financial sectors in the development of a comprehensive action plan through workshops and bilateral consultations.

Source
www.magyarnemzet.hu
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