German industry to invest $68B in EVs, automation in next 3 years

Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said.

Increasing the number of electric cars on the road is pivotal to reach ambitious goals in the European Union to reduce carbon dioxide emissions and requires the expansion of charging infrastructure, VDA President Bernhard Mattes said Saturday in a statement.

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