VDA: German carmakers to contribute 60 billion euros in electric cars and automation

Germany’s car industry is to contribute almost 60 billion euros ($68 billion) throughout the following three years on electric cars and automated driving, the leader of the VDA car industry affiliation said in front of the Geneva motor show.

“We will invest over 40 billion euros in electric mobility during the next three years, and another 18 billion euros will be invested in digitization and connected and automated driving,” VDA president Bernhard Mattes said in an announcement on Saturday.

The range of electric car models from German makers would treble to around 100 in that period, he said.

The Geneva International Motor Show, where producers feature their most recent models and ideas, keeps running from March 7 to 17.

“The ramp-up of electric mobility is coming in Europe,” Mattes said. “Without it, the EU’s CO2 targets cannot be achieved by 2030,” he included, calling for what he called suitable regulatory conditions crosswise over Europe.

Germany, together with a couple of other significant European economies, is set to have an a lot higher share of electric vehicles among its new registrations than the EU average, he said.

Charging infrastructure for electric cars must be extended and impetuses offered to purchasers of e-cars, he said.