Germany Will Require All Petrol Stations to Provide Electric Car Charging
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Germany will require all petrol stations to provide electric car charging
FRANKFURT (Reuters) - Germany said it will oblige all petrol stations to offer electric car charging to help remove refuelling concerns and boost consumer demand for the vehicles as part of its 130 billion euro ($146 billion) economic recovery plan.
The move could provide a significant boost to electric vehicle demand along with the broader stimulus plan which included taxes to penalise ownership of large polluting combustion-engined sports utility vehicles and a 6,000 euro subsidy towards the cost of an electric vehicle.
Germany's announcement follows a French plan to boost electric car sales announced last week by President Macron.
"It's a very clear commitment to battery-powered vehicles and establishes electric mobility as a technology of the future," energy storage specialist The Mobility House, whose investors include Daimler (DAIGn.DE) and the Renault-Nissan-Mitsubishi alliance, said.
"Internationally this puts Germany in the leading group of battery electric vehicle support."
As part of the government stimulus, 2.5 billion euros will be spent on battery cell production and charging infrastructure, a field where oil majors, utilities and carmakers, including Shell (RDSa.L), Engie (ENGIE.PA) and Tesla (TSLA.O), are vying for dominance.
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