EC: EIC (Enhanced European Innovation Council) prize for Innovative Batteries for eVehicles

The European Commission has launched the fifth of six European Innovation Council (EIC) Horizon Prizes, on Innovative batteries for eVehicles, worth €10 million. The EIC Horizon Prizes are part of the first phase of the European Innovation Council under Horizon 2020, the EU’s Research and Innovation Framework Programme.

The prize will be awarded for the development of a prototype battery that can power an electric vehicle with similar performance in terms of range and charging time as a conventional petrol/diesel powered small family vehicle. The battery should also be of relatively low cost, durable, safe and fully recyclable. The Prize aims to tackle the challenge of the slow uptake of zero emission electric vehicles so far, mainly due to the limitations of existing batteries, which are expensive and have limited ranges and long recharging times.