Germany: Chancellor Merkel seeks more discounts to reach 1 million electric cars goal image

The country’s chancellor, Angela Merkel, announced the government wants Germany to offer even more incentives to new car buyers in order to meet their targeted 1 million electric cars on the roads by 2020.

While Germany is still the largest European auto market, the push so far to reach the goal of having 1 million electric cars on the country’s roads by 2020 has been slow and the mid-markers have fallen behind. “There’s a lot to do,” Merkel said during a press conference in Berlin. “We see that further subsidies are necessary. We must speak with the German states about that.” The government so far has skipped incentives such as the ones offered by France – buyers can be granted subsidies of as much as 6,300 euros ($7,840) that would decrease the pricey low-emission vehicles.

Germany today only has around 24,000 electric autos on its roads, and is now mulling the introduction of a tax break for zero-emission vehicles sold as company cars. According to the German auto-industry lobby VDA, while French, Japanese and American carmakers already got off to an early start on electric autos, German automakers are only now starting the race. They will release 17 electric models by the end of 2014, and another 12 starting with 2015, according to the VDA.

Via Bloomberg