Germany to reach target of 1 million electric cars later than planned

BERLIN (Reuters) - Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report.

Reuters September 20, 2018 00:05:18 IST
Germany to reach target of 1 million electric cars later than planned

Germany to reach target of 1 million electric cars later than planned

BERLIN (Reuters) - Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report.

"Considering the current market dynamics, the 1 million target will likely shift to 2022," the report by the German National Platform for Electric Mobility, which was submitted to Chancellor Angela Merkel on Wednesday, said.

New registrations of electrical vehicles more than doubled in Germany last year, the fastest growth in the world, and there were 131,000 such vehicles registered by the end of 2017, according to the report.

Sales were helped by the launch of a German subsidy scheme in 2016 worth about 1 billion euros ($1.2 billion), partly financed by the German car industry, to boost electric car usage.

However, many consumers have been discouraged by the cost of the cars, their limited driving ranges and the lack of charging points.

Germany's coalition government plans to ease the tax burden on drivers of electric vehicles, provide at least an additional 100,000 charge points across the country and subsidise car-sharing to push a shift to greener transport.

"We certainly had a delayed start (to electric mobility), but now we are catching up," Germany's Transport Minister Andreas Scheuer said on Wednesday, adding he saw no need for further incentive schemes.

Germany is also lobbying carmakers to band together to set up production of solid state battery cells in the country to compete with Asian rivals.

Economy Minister Peter Altmaier, who is also talking with other EU members about promoting production of solid state battery cells, said in Brussels on Tuesday that late-stage talks on the matter would be held in Berlin in November. However, he could not provide details until questions over EU aid and anti-trust rules had been resolved.

"In a few years, Europe will have a competitive battery cell sector that can survive without state aid," he said after meeting EU Energy Commissioner Maros Sefcovic.

Battery cells are a key battleground in the automotive industry as it shifts to electric mobility.

Currently the industry sources its requirements from Asian manufacturers such as China's CATL, which plans to build its first European production site in Germany.

($1 = 0.8568 euros)

(Reporting by Gernot Heller; Writing by Maria Sheahan; Editing by Susan Fenton)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.