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Germany to Offer 1 Billion Euro Electric Car Subsidy

Merkel government wants to see 1 million electric cars on German roads by 2020.

Published: 16-May-2011

BERLIN — The German government is prepared to pay a billion euros ($ 1.4 billion) in subsidies over the next two years to help its industry develop electric cars, Welt am Sonntag newspaper said Sunday.

Chancellor Angela Merkel, in her weekly podcast Saturday, called for Germany to become the market leader in the new technology with a view to "having a million electric cars on our roads by 2020".

The cabinet is to discuss financial support for the industry as early as Wednesday on the strength of a report, due out Monday, in which the National Electro-mobility Platform", a government-sponsored commission of industry experts, recommends such a move, according to Welt am Sonntag.

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