February 14 (Renewables Now) - The European Commission (EC) yesterday cleared Germany's EUR 300 million (USD 318.05m) scheme to roll out a network of charging stations for electric vehicles across the country.
By design, all the electricity for the charging infrastructure should come from renewable energy sources.
Оver the next four years, the scheme will promote the installation of new, both standard and high-speed, charging stations for electric vehicles, as well as the extension of the existing infrastructure.
Commissioner Margrethe Vestager, in charge of competition policy, said that "Electric vehicles can provide real benefits to society by reducing harmful emissions and noise pollution. The German support scheme will encourage consumers and businesses to use electric vehicles."
The Commission expects that the financial support for the construction of charging infrastructure will create the conditions for its further expansion without any further support in the future.
(EUR 1 = USD 1.06)