The buzz surrounding Europe’s electric vehicle market continues to escalate. Despite the fact that sales figures remain tiny in comparison to petrol and diesel vehicles, carmakers have been splashing the cash on new model launches in the hope of igniting the segment. Nowhere was this more apparent than at the 2019 Geneva International Motor Show, with several OEMs constructing EV stands for the first year.

Suppliers are hoping to get a piece of the action too, and some have revealed plans to start large-scale EV battery production. Other companies are looking to take advantage by investing in battery material development facilities.

Nordic countries have a reputation for being EV-friendly, with Norway flying the flag for sales in the segment. However, its nearby neighbour, Finland, could soon become a hub of activity for battery production and development due to abundant availability of key materials.