Over the next three years, Germany’s automotive industry will invest over 40 billion euros ($45 billion) in electric vehicles, tripling the number of models.
The plan is pivotal to reach ambitious goals in the European Union to reduce carbon dioxide emissions and requires the expansion of charging infrastructure. “The ramp-up of electric mobility is coming in Europe. This also demands the appropriate regulatory conditions — right across Europe,” said VDA President Bernhard Mattes
Read the article at Bloomberg.