Invest 60 billion Euros! German auto companies spend money on electric cars and automatic driving

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 Invest 60 billion Euros! German auto companies spend money on electric cars and automatic driving


Netease Technologies News, March 4, according to foreign media reports, the head of VDA Automotive Industry Association said before the opening of Geneva Motor Show that the German automobile industry will invest nearly 60 billion euros ($68 billion) in electric vehicles and automatic driving in the next three years.

In the next three years, we will invest more than 40 billion euros in electric vehicles and 18 billion euros in digital, interconnected and automatic driving, VDA President Bernhard Mattes said in a statement on Saturday.

In the meantime, he said, German manufacturerselectric vehicles will triple to about 100 models.

Geneva International Motor Show will be held from March 7 to 17, when manufacturers will show their latest models and concepts.

Electric cars are accelerating in Europe, Matters said. Without it, the EU will not be able to meet its carbon dioxide emissions target by 2030. He called on European countries to step up efforts to improve appropriate regulatory conditions.

He said Germany and several other major European economies will account for a much higher proportion of newly registered electric vehicles than the EU average.

Matters stressed the need to expand the charging infrastructure of electric vehicles and offer preferential treatment to buyers of electric vehicles. (Han Bing)

Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541