Germany’s government is increasing pressure on its car makers to invest heavily in electric cars as well as battery production in Europe to safeguard jobs in Germany during a rapid transformation of the sector. Car lobby VDA says already investing $50 bil in future mobility Germany targets 1 million EVs 2020, EC wants 100 GWh battery production Transport sector emissions have entered political agenda New economy and energy minister Peter Altmaier called on car makers to invest “high double-digit billion” sums into electric car technology and develop battery production in Europe, according to an interview with Germany’s biggest newspaper Bild. Germany’s car industry, which produced a record 16.5 million passenger vehicles last year and employs 825,000 people, is already planning to invest Eur40 billion ($50 billion) by 2020 into electric mobility by 2020, the VDA automotive industry lobby group said in a statement Monday. “The German automotive industry pursues […]