Germany Gives Up On Promise of One Million EVs by 2020
This Monday, German chancellor, Angela Merkel held a meeting with the main players on the German automotive market, VW, Porsche, BMW and Daimler, in order to discuss the matter. When the meeting concluded, Merkel stated that the aforementioned target was too ambitious, and a drop to around 600,000 units by 2020.
The reason for this apparently is the price of EVs and their comparable range, as the average range of EVs sold in Germany is just 110 km, and their price is on average €10,000 higher than that of a regular car of similar spec. What Germany needs is a competent and well thought-out incentives and subsidies plan, which is currently on hold in the country.