In a surprise move, the German government appears to have scrapped its target of establishing one million charging points by 2030, at least internally. News agencies quote insiders familiar with the matter, revealing that the goal is no longer being actively pursued within the government.
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The German government is planning to set up a sovereign wealth fund worth up to 2.2 billion euros to finance the mining and production of critical raw materials for electric car batteries.
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The newly-elected German federal coalition government has presented its coalition agreement. This is titled “Mehr Fortschritt Wagen” and can be translated to something like “dare to innovate” or “dare to make progress.” This, of course, has a number of ramifications for the transport industry.
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According to a local media report, Tesla has applied to the German government for subsidies for battery cell production and research in Germany. In return, Tesla could become part of one of the consortia that the Ministry of Economics wants to support.
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