German automakers invest 60 billion euros in electric vehicles

German automakers invest 60 billion euros in electric vehicles

March 3, 2019 0 By autotimesnews

German automakers will invest 60 billion euros in electricity and digitalization over the next three years – consumers will be offered a choice of 100 models of electric cars.

This was stated by the president of the Automobile Industry Union (VDA) of Germany, Bernhard Mattes, DW reports referring to Reuters.

He noted that 60 billion will invest in the development of electromobility, another 18 billion – in the digitization, the development of connected to the Internet and self-directed cars.

“Electricity in Europe is gaining momentum, otherwise it will not be possible to achieve the goals set by the European Union for the reduction of carbon dioxide emissions by 2030.

Given GDP per capita, Germany and a number of other European countries should have a higher share of electric vehicles among newly registered cars. Therefore, it is necessary to actively develop the infrastructure for charging electric vehicles and stimulate the purchase of electric carriers “, – added Mattes.

For three years, German automakers are planning to expand the palette of electric vehicles offered to consumers by about 100 models.