German Minister calls manufacturers to invest in electric cars

German Minister calls manufacturers to invest in electric cars

Peter Altmaier, Germany’s economy minister, said the German automotive industry should invest more in electric car technology and develop battery production facilities in Europe if they want to keep up with global competition.
In an interview published on Monday by the newspaper Bild, Altmaier spoke of investments of “double-digit amounts” and He said he does not understand why automotive firms have hesitated for so long . He also said that firms must meet the high demand for electric batteries that is expected in the coming years and that could help generate new revenues in the automotive industry. ” Otherwise, we will have to accept that a large part of the added value will occur in Asia or the United States , instead of being here with us, “he said.
The German car industry, which represents some 800,000 jobs in the country, is struggling with a global reaction against diesel cars after Volkswagen admitted that it had tricked US exhaust tests. UU With the intention to help reduce pollution levels and avoid a total ban on diesel vehicles, manufacturers such as VW, Daimler and others have stepped up the development of electric cars. The new German coalition government plans to provide funds for research into autonomous driving technology and support the establishment of battery cell production in Germany. Altmaier said that German automakers must develop a model that has at least the range of a Tesla but costs less , and should work on the development of an information technology platform for autonomous cars that is the best in the world. “The first safe cars with self-driving must operate with German technology,” he said. The conservative minister ended by saying that it was It is essential to ensure the hundreds of thousands of jobs that now support the automotive industries and from suppliers. TECHNOLOGICAL DRAFTING * * With Reuters

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