Wheels
Germany plans $67bn investment on electric, self-driving vehicles
Germany’s automotive industry is planning to invest $67 billion on electric and self-driving vehicles in the next three years.
VDA’s President, Bernhard Mattes, explained that $45 billion will be invested in electric mobility and another $20.5 billion invested in digitisation and automated driving.
Germany’s ambition to shift to electric vehicles and autonomous driving comes as the sector at large reckons with new challenges over the existing technology in the industry.
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