Germany plans to invest 2 billion euros to promote the development of electric vehicle industry

According to the German weekly DieZeit, German Federal Minister of Economic Affairs and Energy Sigmar Gabriel plans to allocate 2 billion euros (about 2.18 billion US dollars) to encourage more consumers to buy electric vehicles. 'Times Weekly' said that the purchase of electric vehicles will be subsidized by the federal government, and Sigmar also plans to expand electric vehicle charging stations and encourage federal agencies to use electric vehicles. However, the report did not provide further specific information on the subsidy. The German federal government plans to achieve the goal of having one million electric vehicles by 2020. Among German car companies, BMW, Mercedes-Benz and Volkswagen have all produced electric cars, and Audi and Porsche are also planning. It is reported that in 2014, the sales of electric vehicles in Germany were about 19,000. By the end of 2014, the country had only 2,400 charging stations and 100 fast charging points. Since the Volkswagen 'emissionsgate' scandal came to light late last year, support for electric vehicles has grown louder. Economy Minister Sigmar Gabriel and Environment Minister Barbara Hendricks have both called for subsidy support for electric vehicles.