Altmaier told Germany’s mass-circulation Bild newspaper that the carmakers needed to invest high “two-digit billion amounts” in electric car technology, saying he did not understand why the firms had hesitated for so long.
Investments were also needed in battery production, given expected demand for many millions of electric batteries that could help firms earn good money, he said.
“Otherwise we’ll have to accept that a large part of the added value will be produced in Asia or the United States, instead of here with us,” he said.
Read more at German Minister to Carmakers: Invest in Electric Cars or Lose Out
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