This country is light years behind the rest of the world and without a battery factory building programme, it can give up any hope of catching up. China has hundreds of gigafactories in the pipeline; continental Europe is on course to have 27 gigafactories by the end of the decade, a sixfold increase on forecasts made just three years ago. Similar numbers are planned in the US.
The world is about to be in glorious oversupply. So, not a business we want to get into then, is it?