Germany’s automotive industry goes from strength to strength:
Germany is known the world over for its outstanding automotive industry & excellence in engineering. From Asia to the Americas, German cars represent highly precious values of innovation, reliability, safety, & design. Germany is by some distance Europe’s top production & sales market. The country’s world-class Research & Development infrastructure, complete industry value chain integration, & highly capable workforce create a globally superior automotive environment. It enables firms to develop cutting- edge technologies, which flawlessly address tomorrow’s mobility needs.
Global assessments show that, among the supplier states, the German automotive industry is at the extreme position for electrified vehicles. In no other nation in the world do consumers have a greater choice of new electrically powered models. German car manufacturers alone have sixteen series production models with electric drive on the market. Germany have not only highly original manufacturers, but also a robust supply industry, with Bosch, Continental & ZF Friedrichshafen.
Support for electric vehicles in Germany:
In Germany, the government has declared strategies to double the amount of buying incentives already in place for battery electric vehicles as part of its EUR 130 Bn stimulus package intended to shore up the nation’s post-coronavirus economy. This explains into a cash grant of EUR 6,000 for each battery electric vehicle purchased. This is added by an additional EUR 3,000 subsidy from car makers. The degree apply for cars with a value of up to 40,000 Euros.
Additional investment in battery infrastructure:
To further improvement e-mobility, an additional EUR 2.5 Bn will be allocated to current infrastructure plans to build additional charging stations & support further battery cell making. Both changing customer behavior & the substantial grants available will generate new opportunities for Germany’s strong automotive industry as well as attract new foreign investors to the segment.
Lastly, the market research report provides a regional comparison and a complete country – level analysis for the latest trends, along with the major key players in the white automotive market, across the country.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Germany Automotive Market”.
https://www.maximizemarketresearch.com/market-report/automotive-market-in-germany/86571/
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