At the Frankfurt Auto Show last Thursday, German Chancellor Angela Merkel made a speech which defended her government’s car-scrapping scheme.
The German government has a program where it pays extra benefits to those who trade in cars at least nine-years-old for new ones. Merkel said that about two million Germans received 2,500 euros as bonus after they availed of the scheme.
The scheme helped sustain Germany’s economy through difficult times last year, as part of the government’s plan to put more fuel-cost effective cars on the road that are less harmful to the environment.
The Frankfurt Auto Show is an exhibition of the green technology that Germany is strongly promoting, with the display of electric and hybrid cars.
[via businessweek.com]
1. Batteries will become more efficient on the whole and their price will drop, whereas the oil will simply go up and up as it
becomes more scarce. As simple as that.
2. The range of noticeable EVs are sufficient to meet the daily driving needs of more than 95% of drivers. The vast
majority of people (95%) drive less than 100/km a day, 82% of the respondents said they drive 40 miles or less a day,
with an average daily driving distance of 27 miles.
3. I’m hopeful that the charge network will extend the select districts to a nationwide scale throughout the world, and this
environment can usher in active private investings in EVs.
4. I remain confident that it could give rise to multiple times as much investing effect, so to speak, some billions of
investing, this simple deployment, could call into the most-sought energy independence and solid recovery around the
world.