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Germany ups pressure on car industry to invest heavily in EVs, batteries
Germany's government is increasing pressure on its car makers to invest heavily in electric cars as well as battery production in Europe to safeguard jobs in Germany during a rapid transformation of the sector.
- Car lobby VDA says already investing $50 bil in future mobility
- Germany targets 1 million EVs 2020, EC wants 100 GWh battery production
- Transport sector emissions have entered political agenda
New economy and energy minister Peter Altmaier called on car makers to invest "high double-digit billion" sums into electric car technology and develop battery production in Europe, according to an interview with Germany's biggest newspaper Bild.