Germany Electric-Car Plans to Cost 4 Billion Euros, FAZ Reports
This article is for subscribers only.
Germany’s efforts to promote electric cars may cost about 4 billion euros ($5.8 billion) in the next three years, Frankfurter Allgemeine Zeitung reported, citing a government advisory panel.
Half of the research and development spending will be allocated to battery technology and drive systems, the Frankfurt-based newspaper said in today’s edition, citing a report to be submitted by advisers to Chancellor Angela Merkel’s government on May 11.