Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

German Carmakers to Invest 60 Billion Euros in Electric Cars and Automation: VDA

Germany, together with a few other major European economies, is set to have a much higher share of electric vehicles among its new registrations than the EU average.

Reuters

Updated:March 4, 2019, 5:08 PM IST
facebookTwitterskypewhatsapp
German Carmakers to Invest 60 Billion Euros in Electric Cars and Automation: VDA
Electric car is charged at the charging station at the front of the German utility E.ON headquarters in Essen, Germany, May 9, 2018. (Photo: Reuters)
Loading...

Germany's car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show.

"We will invest over 40 billion euros in electric mobility during the next three years, and another 18 billion euros will be invested in digitisation and connected and automated driving," VDA president Bernhard Mattes said in a statement on Saturday.

The range of electric car models from German manufacturers would treble to around 100 in that period, he said.

The Geneva International Motor Show, where manufacturers showcase their latest models and concepts, runs from March 7 to 17.

"The ramp-up of electric mobility is coming in Europe," Mattes said. "Without it, the EU's CO2 targets cannot be achieved by 2030," he added, calling for what he called appropriate regulatory conditions across Europe.

Germany, together with a few other major European economies, is set to have a much higher share of electric vehicles among its new registrations than the EU average, he said.

Charging infrastructure for electric cars must be expanded and incentives offered to buyers of e-cars, he said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Manav Sinha
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results