EC clears Germany to invest EUR 300 million in electric cars infrastructure

Eldrive/All rights reserved

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)

More stories to explore
Share this story
About the author
Browse all articles from Mariyana Yaneva

Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription