Tax breaks, rebates, and free registration make electric cars attractive. Some cities ban older diesel vehicles from downtown areas, pushing drivers to switch to electric. Public charging networks receive funding from both national and EU budgets.
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This marks Lyten's third acquisition from Northvolt since November 2024, following earlier purchases of Northvolt's Cuberg facility in California and the planned acquisition of the Northvolt Dwa plant—Europe's largest BESS manufacturing site.
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In 2024, solar power generated 7% of global electricity and over 1% of primary energy (2. Along with onshore wind power, utility-scale solar is the source with the cheapest levelised cost.
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Sweden's electric vehicle (EV) market is anticipated to grow at over 20. 36% CAGR from 2025 to 2030, with strong government support and a shift towards green energy solutions.
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