Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

German Government Pulling Plug on 2020 Electric Car Target – Report

The German government is going to scrap its goal of having one million electric cars on the roads by 2020, Germany’s Frankfurter Allgemeine Sonntagszeitung reported Saturday, citing a report from the country’s Ministry for Education and Research.

A spokesman from the ministry acknowledged the existence of the report, but wouldn’t confirm its content. The paper says that other ministries share the skepticism surrounding the timeline. Environment Minister Peter Altmaier has openly conceded that problems exist with electric cars, while Economy Minister Philipp Roesler refused to support incentives to make these cars more affordable to buyers.

A spokesman for the Environment Ministry told Dow Jones Newswires that “we are sticking to the goal of one million”, though without specifying a year, “but further efforts are necessary.”

The Economy Ministry did not return a request for comment.

The report would suggest that the government is acknowledging what industry leaders already recognize. While some executives and politicians triggered a marketing hype surrounding electric cars, sales volumes have been tiny thus far, mostly due to high costs and limited battery technology available today.

More foxbusiness.com

Share

Leave a Reply