Zenyatta Ventures Ltd

Germany considers boost to EV incentives

Jun 16 2015, 07:19 ET | By: Clark Schultz, SA News Editor
  • Germany is expected to make a decision by the end of the year if it will provide major incentives for the electric vehicle industry to reach a goal of one million EVs on German roads by the end of the decade.
  • The nation faces some pressure from an European Union mandate to help automakers cut vehicle fleet emissions to 95 grams/km by 2021.
  • "Germany will have no choice but to offer further support (for EVs) although we've already done some things," noted Chancellor Angela Merkel at an EV conference
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