Mexican Media Brands
German Auto Industry to Spend €40 Billion on EVs
Germany’s auto industry will invest a combined €40 billion ($45 billion) over the next three years in vehicle electrification, according to trade group VDA.
#hybrid
Share
Germany’s auto industry will invest a combined €40 billion ($45 billion) over the next three years in vehicle electrification, according to trade group VDA.
Carmakers and their suppliers also intend to spend €18 billion ($20 billion) on connectivity, digitization and autonomous driving technologies, says VDA President Bernhard Mattes.
Without a massive shift to electric mobility, Europe’s carmakers won’t meet the European Union’s carbon dioxide standards for 2030, Mattes adds. He notes that German carmakers intend to triple the array of electrified models they offer to about 100 by 2022.
RELATED CONTENT
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
Report: Old-Line Carmakers Set to Sweep Past Tesla in EV Race
Tesla Inc. will retain its position as the world’s largest maker of electric cars next year but plunge to seventh behind well-established vehicle manufacturers by 2021, predicts PA Consulting Group.