Are German Central Planners Pulling the Plug on Government Cars?
Posted by Karen De Coster on October 8, 2012 06:21 PM
Some of the German media is reporting that the government has abandoned its pipe dream of flooding the market with unwanted, government-subsidized, battery-powered cars.
- Chancellor Angela Merkel will meet with auto industry leaders on
Monday for a summit on electric mobility. The government has become less
enthusiastic about electric cars, unnamed government sources said.
- The automobile industry has said that without additional government subsidies they can only sell 600,000 electric cars by 2020 at best.
- The automobile industry has said that without additional government subsidies they can only sell 600,000 electric cars by 2020 at best.
- Just over a year ago, Chancellor Angela Merkel set the bold goal of
increasing the number of electric cars in the country to 1 million by
2020. But today there are only 4,600 of them driving on German roads, a
mere 0.01 percent of all registered cars, despite years of research. So
much for a high-voltage success story.
- ...The country has already pumped €500 million in state aid into the promotion of electromobility as part of its fiscal stimulus measures during the global economic crisis.
- ...The country has already pumped €500 million in state aid into the promotion of electromobility as part of its fiscal stimulus measures during the global economic crisis.
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