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18 January 2016

Germany to launch €2bn electric car initiative

Germany is looking to introduce a €2 billion funding package to subsidise electric vehicle purchases.

The initiative is being led by German Economy Minister Sigmar Gabriel and includes a plan to add more EV charging stations across the country.

The initiative also includes a plan to scale up the number of electric vehicles for federal offices.

The German government is aiming for a total of one million EVs to be on the roads by 2020.

Germany has been a leader in Europe in terms of reducing the use of fossil fuels and nuclear power as well as boosting the share of renewables in its energy mix.

The €2 billion investment is designed to reduce air pollution and smog, cut greenhouse gas emissions and assist with national climate targets, and support the German auto-manufacturing industry.

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