Hyperdrive
German Car Industry Says It’s Ready to Meet Tougher EU Climate Goals
- Funds will go toward building out infrastructure until 2024
- German lobby group calls for EU-wide charging on green energy
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Germany will provide 5.5 billion euros ($6.5 billion) of funding for electric-car charging infrastructure, a significant show of support for one of the country’s core industries.
The funds will be available until 2024, Steffen Seibert, the spokesman for Chancellor Angela Merkel, said in an emailed statement late Tuesday following a video conference with the heads of Germany’s carmakers.