Germany Plows $705M Into Electric Car Development
Germany aims to put a million electric vehicles on its roadways by 2020, and the country is putting $705 million behind the effort to boost adoption of the technology.
Chancellor Angela Merkel’s coalition government agreed to spend the $705 million by 2011 to accellerate development of the technology, reports Bloomberg.
Germany wants to establish “an efficient infrastructure” for electric cars and it plans to have in excess of 5 million electric vehicles on the road by 2030, which would account for almost 10 percent of all vehicles. The nation currently has 53.6 million cars in service, according to Wikipedia.
The effort coincides with the government’s goal to cut greenhouse-gas emissions 40 percent by 2020 and also boost the percentage of electricity from renewable sources to 30 percent from 12 percent.
Several of the major German automakers already are developing electric cars.
BMW’s “Project i” series of electric cars will exist under a different sub-brand, helping the automaker distinguish its more energy efficient offerings much in the same way it differentiates its premium fast cars under the “M” label. The MegaCity is expected to be BMW’s first offering under Project i.
Volkswagen hopes to put its first electric vehicles on the market in 2013. It wants to offer a large number of all-electric vehicles at affordable prices, and is aiming for 1.0-1.5 percent of the global all-electric vehicle market by 2020.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Energy Storage in the Fast Lane
- Alberta Firm Aims for Energy Neutral Egg Laying Barn
- The Department of Energy Seeks to Improve the Better Buildings Challenge
- Behind the Meter: The Many Advantages of Energy Benchmarking
- Telecommunications Companies Upgrade Their Approaches to Energy
- Cutting Energy Use in Fire Stations
- Revolution Lighting Signs School Districts in NY, NJ
- Green Building Boom Is Pumping Billions into US Economy, Retrofits Are Fueling the Trend