Despite German chancellor Angela Merkel’s reaffirmation of the government’s goal to bring one million electric vehicles to German roads by 2020, the country’s economy minister Philipp Roesler continues to oppose subsidization to encourage consumer purchases. On the heels of the failure of yet another high profile EV industry player, Israeli battery swapping company Better Place, the German government’s reluctance to adopt a EV-subsidy model widely supported by governments across the globe, from China to the US and even Finland, is yet another example in a disconcertingly widespread trend running through governments as well as auto industry companies, towards greater caution regarding the economic prospects of the EV market in the near future.

Source: Chicago Tribune - Merkel sticks to electric cars target despite setbacks

Read more: Whats stalling global EV development?

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