Businesses deciding where to build factories, expand production, or replace equipment must also weigh electricity costs and grid access alongside skills, suppliers, and markets. If electrification remains difficult or expensive, businesses may postpone modernisation, continue investing in fossil-fuel equipment or direct new investment towards locations offering better conditions. Over time, this could reshape Europe’s industrial geography, influencing where manufacturing capacity, jobs, and technological expertise develop.
The Rise of Electrostates Could Redraw The Global Economy
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