• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Rising Gas Prices Slowing Americans from Driving This Holiday Weekend
  • The Headlight News Podcast Offers the Latest News about New Cars, EVs and More
  • Average U.S. Automobile is Now a Record 12.2 Years Old
  • Opinion: It’s Time for Elon Musk to Take a Break
  • U-M Warns of Rough Road in 2023-24 for Auto Industry
  • The Rearview Mirror: Ford Courts Ferrari
  • Hyundai Building New $5.5 Billion EV, Battery Manufacturing Complex Near Savannah
  • Tesla Chief Elon Musk and The Very Bad Week
  • Polestar 3 Set for October Debut
  • Faster, Lighter BMW M4 CSL Makes its Debut
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • First Impression: 2022 Audi RS e-tron GT
    • A Week With: 2022 Volkswagen Tiguan SEL R-Line 4Motion
    • A Week With: 2022 Kia Forte GT
    • First Drive: 2023 Genesis GV60
    • First Drive: 2022 Mercedes-Benz C 300
    • First Impression: 2023 Nissan Z
    • A Week With: 2022 Lexus LC 500 Convertible
    • A Week With: 2022 Ram 2500 Power Wagon Crew Cab
    • First Drive: 2022 Ford F-150 Lightning
    • First Drive(s): 2022 GMC Sierra 1500 Denali Ultimate and AT4X
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > German Automakers Placing Big Bet on Electric Vehicles

        German Automakers Placing Big Bet on Electric Vehicles

        Group putting $68 billion into EV development.

        Joseph Szczesny
        Joseph Szczesny , Executive Editor
        March 04, 2019
        The next-generation Macan will feature an all-electric model, according to Porsche.

        Germany’s car industry is tracking to invest more than $68 billion in new technology for next three years on electric cars and automated driving, the head of the VDA, the association that represents German carmakers.

        “We will invest over 40 billion euros in electric mobility during the next three years, and another 18 billion euros will be invested in digitization and connected and automated driving,” VDA president Bernhard Mattes said in a statement on Saturday.

        Business News!

        The investment, however, also entails considerable risk.

        Carlos Tavares, the chief executive of the French carmaker PSA, warned in an interview published by Le Figaro that the EU’s plans to slash carbon dioxide emissions from vehicles and push carmakers to go electric will threaten 13 million jobs in Europe’s auto industry while benefiting Asian companies.

        (Porsche electrifying next-gen Macan. Click Here for the story.)

        An under-the-skin look at VW's modular MEB battery-car platform reveals the skateboard-like layout.

        The European Parliament and EU countries struck an agreement in December to cut emissions from cars by 37.5% by 2030, compared with 2021, and by 31% from vans.

        “This jeopardizes the jobs of 13 million people in the industry and could destabilize some of our European societies,” according to Tavares, who also heads the European Automobile Manufacturers’ Association.

        Tavares welcomed Franco-German plans to boost Europe’s electric car battery industry and to reduce EU carmakers’ reliance on Asian rivals by building two new battery factories.

        However, he noted that key suppliers such as Robert Bosch GmbH have studied the project and considered it was not profitable. He said PSA had also looked into it, but the initial capital costs were huge and localizing the battery industry may be difficult within current European Union regulatory constraints.

        (Plugging in: An inside look at the MEB – VW’s platform for an electric future. Click Here for the story.)

        PSA Group is partnering with nuTonomy to develop autonomous vehicles. They will test the Peugeot 3008 in Singapore.

        “If European carmakers do not sell enough electric vehicles by 2020, 2025 and 2030, they will be ruined by fines. This forces us to reserve significant volumes of batteries with Asian suppliers, who are awaiting us with a big smile,” Tavares said.

        The range of electric car models from German manufacturers would treble to around 100 in that period, VDA noted “The ramp-up of electric mobility is coming in Europe,” VDA said ahead of the Geneva International Motor Show, which opens this week.

        “Without it, the EU’s CO2 targets cannot be achieved by 2030,” said Mattes, who also called for what he described as “appropriate regulatory” conditions across Europe.

        Germany, together with a few other major European economies, is set to have a much higher share of electric vehicles among its new registrations than the EU average, he said.

        (To see more about American views on electric vehicles and the future, Click Here.)

        Mattes also said the charging infrastructure for electric cars must be expanded and incentives offered to buyers of e-cars.

        Recently Published
        Family packing the car

        Rising Gas Prices Slowing Americans from Driving This Holiday Weekend

        Yesterday
        Headlight News Podcast Microphone

        The Headlight News Podcast Offers the Latest News about New Cars, EVs and More

        Yesterday
        Vehicles driving emissions

        Average U.S. Automobile is Now a Record 12.2 Years Old

        Yesterday

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2022
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: