Some of the German media is reporting that the government has abandoned its pipe dream of flooding the market with unwanted, government-subsidized, battery-powered cars.
Chancellor Angela Merkel will meet with auto industry leaders on Monday for a summit on electric mobility. The government has become less enthusiastic about electric cars, unnamed government sources said.
The automobile industry has said that without additional government subsidies they can only sell 600,000 electric cars by 2020 at best.
6:21 pm on October 8, 2012 Email Karen De Coster
Just over a year ago, Chancellor Angela Merkel set the bold goal of increasing the number of electric cars in the country to 1 million by 2020. But today there are only 4,600 of them driving on German roads, a mere 0.01 percent of all registered cars, despite years of research. So much for a high-voltage success story.
…The country has already pumped €500 million in state aid into the promotion of electromobility as part of its fiscal stimulus measures during the global economic crisis.