Auto Summit

January 2020

There was no shortage of news coming out of the Automotive Summit at the end of 2019 hosted by German Chancellor Angela Merkel.

Among the participants were bosses of Germany’s leading carmakers and automotive companies. They agreed that the public and private sectors would split the costs for augmented subsidies of up to 6000 EUR for consumers who purchase electric vehicles. The program is now scheduled to run through 2025.

They also agreed to construct 50,000 additional EV charging stations by 2022. Merkel herself pushed for one million stations by the year 2030.

The head of the Automobile Industry Association (VDA), Berhard Mattes, called the summit a complete success,” saying that the agreements represented “a good result for the environment and individual mobility but also for innovation, value creation and employment in Germany.”

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