31 May '11, 10pm

Daimler CEO: 1 Million Electric Cars in Germany by 2020? Not Likely: ... investment in electric vehicle research...

Daimler CEO: 1 Million Electric Cars in Germany by 2020? Not Likely: ... investment in electric vehicle research...

It may only be two weeks since Germany’s Chancellor Merkel announced that her government would help bring 1 million plug-in vehicles to the roads of Germany by 2020 but her bold goal is already being dismissed as impossible by the very automakers her Government is planning to help. Enter Daimler CEO Dieter Zetsche. Talking to the German Bild newspaper earlier this week Zetsche was far from welcoming of the German government’s electric vehicle program, which includes $1.4 billion investment in electric vehicle research and development. Why? It lies in the lack of purchase subsidies for electric cars. Unlike the U.S. and most of Europe, Germany doesn’t offer purchase grants or even tax credits for those buying electric cars. Smart ForTwo ED Enlarge Photo According to Zetsche, that’s where the problem lies. While automakers know already know how to make electric cars, electri...

Full article: http://www.allcarselectric.com/news/1060832_daimler-ceo-1...

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