Energy storage battery import policy

Do China import Li-ion storage batteries?

China exported $10.8 billion of Li-ion storage batteries to the United States in 2023, accounting for 72 percent of all US imports of the product. Chinese imports are particularly important in the storage market. These li-ion storage batteries are useful for decarbonizing the US power sector and complementing solar generation.

What does the EU's energy policy mean for batteries?

In 2018, as part of the EU’s industrial policy, the Commission designated batteries as a strategic imperative for the EU’s clean energy transition, and launched an action plan aimed at making Europe a global leader in sustainable battery production and use.

Will lithium-ion battery imports get a tariff change?

There is also a general 3.4% tariff applied lithium-ion battery imports. Altogether, the full tariff paid by importers will increase from 10.9% to 28.4%. Lithium-ion battery modules, packs, and container blocks are generally categorized under import code 8507.6020, and it said the tariff change will likely apply to imports under this code.

Is the EU Industrial Policy on batteries effective?

84 Overall, we conclude that the Commission’s promotion of an EU industrial policy on batteries has been effective, despite shortcomings on monitoring, coordination and targeting, as well as the fact that access to raw materials remains a major strategic challenge for the EU’s battery value chain.

Should lithium-based batteries be a domestic supply chain?

Establishing a domestic supply chain for lithium-based batteries requires a national commitment to both solving breakthrough scientific challenges for new materials and developing a manufacturing base that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets.

What are the restrictions on energy storage ownership?

(ii) in terms of restrictions on energy storage ownership. In many markets, storage is considered a generation asset, and sy tem operators are prohibited from owning generation assets. This can block off transmission and distribution deferral, an important application for storage, although, in some countries, network operators are procuring