Germany aims to have 1 million electric vehicles by 2020

Economy Minister Philipp Roesler poses in a electric car
after taking over the economy ministry from his predecessor in Berlin May 16, 2011.
Credit: Reuters/Thomas Peter

Germany is already the world’s largest automaker. Recently, the German cabinet has decided to boost the country’s electric auto sector with billions of euros in subsidies, to realise the aim of having 1 million cars in 2020.

From Reuters, Chancellor Angela Merkel has said she hopes to make Germany the world’s leading market in the sector, while Daimler DAIG.n.DE chief Dieter Zetsche has predicted that in 50 years all cars will be electric, Bild newspaper wrote on Wednesday.

“The German auto industry — manufacturers and component suppliers — has the best of chances to become the lead provider as well, thanks to the speed of its innovation,” said Matthias Wissmann, president of Germany’s VDA auto industry association.

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