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Aspects of electric vehicle battery production in Hungary

Andrea Éltető ()
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Andrea Éltető: Institute of World Economics, Centre for Economic and Regional Studies, Eötvös Loránd Research Centre

No 271, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: The significant expansion of Hungarian domestic electric vehicle battery manufacturing capacity by early 2023 has become a major topic of public debate in the country. South Korean battery factories have been operating in Hungary since 2019 with Asian-owned suppliers and further Asian plants have been established since then. This paper presents the various aspects of scaling up battery production, drawing on official documents, press information, studies, statistics, and video and audio material. It shows how the functioning plants operate in Hungary, how industrial safety and environmental regulations are breached, and what the attitude of local authorities and civil groups is. The study evaluates the location factors like availability of workforce, energy and water, pointing out their scarcity. There is also a painful lack of responsible cost-benefit analysis, a credible and flexible government strategy and fact-based information

Keywords: EV batteries; industrial policy; FDI; Hungary (search for similar items in EconPapers)
JEL-codes: F23 L62 L98 O14 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2023-06
New Economics Papers: this item is included in nep-ene, nep-env and nep-tre
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