International Development News
Development News Edition

Ford could make electric cars in Germany after 2023

German premium carmaker BMW last week echoed Hermann's comments, saying it would not mass produce electric cars until 2020.


Ford could make electric cars in Germany after 2023
The state could do its part to initiate the structural shift, as could the federal government. (Image credit: Pixabay)

Ford could make electric cars in Germany after 2023 when the life cycle of Ford's Fiesta model is due to end, the head of the carmaker's German business told a paper, adding he would welcome state subsidies to support the shift.

"Purely hypothetically that (2023) could be a good time for it," Gunnar Herrmann told German business daily Handelsblatt in an interview published on Tuesday,

He said it would take around 15 months to retool the company's plant in Cologne but said it would not be worth the investment if sales of electric cars reached only 30,000 or 40,000 vehicles a year.

ALSO READ| Ford and Mahindra will develop electric SUVs

"It will be possible if the sales' numbers are moving up more powerfully. Unfortunately, today electric cars are not especially profitable yet," said Herrmann.

German premium carmaker BMW last week echoed Hermann's comments, saying it would not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production.

U.S. carmaker Ford plans to invest USD 5 billion in electric vehicles by 2022 and introduce at least 13 electric or hybrid models worldwide in the next five years and aims to make its first fully electric vehicle in Europe in 2020.

Herrmann suggested that the western German state of North Rhine-Westphalia, where Ford's Cologne plant is located, could offer subsidies to support the shift to electric vehicles.

"The state could do its part to initiate the structural shift, as could the federal government," he said.

Germany's new coalition government plans to ease the tax burden on drivers of electric vehicles, provide at least an additional 100,000 charge points across the country and subsidize car-sharing to push a shift to greener transportation.

There are also plans to provide funding for research into autonomous driving technology and support the establishment of battery cell production in Germany.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

How partnerships and collaborations could enhance teacher training

Monica Malhotra Kandhari, Managing Director, MBD Group shares her views on public private partnership and collaborations in education sector. She supports her propositions with her organisations success stories....

Fixed Test centers would facelift level of WTC in India

The venues for the test matches in India should be fixed so that World Test Championship matches remain fair....

Videos

Latest News

UPDATE 2-Khamenei backs Iran gasoline price hike, blames enemies for 'sabotage'

Iranian Supreme Leader Ayatollah Ali Khamenei on Sunday backed gasoline price increases that have sparked protests across Iran, blaming opponents of the Islamic Republic and foreign enemies for sabotage, state television reported.Some peopl...

Third edition of Kochi Navy Marathon held

The third edition of the Kochi Navy Marathon was held here on Sunday with over 3,500 taking part. The event was organised by the Indian Navy as part of Navy Week activities. The main event-the 21-km Venduruthy Run was flagged off by Vice A...

Ailing Sharif to travel to London on Tuesday for medical treatment

Pakistans ailing former prime minister Nawaz Sharif will leave for London on Tuesday by an air ambulance for treatment after the Lahore High Court allowed him to travel abroad for four weeks for medical care. A two-member bench of the Lahor...

Next CJI Bobde part of historic verdicts like Ayodhya, Right to Privacy

Justice Sharad Arvind Bobde, who would take oath as the 47th Chief Justice of India on Monday, has decided several key cases and was part of the recent historic verdict that cleared the way for the construction of a Ram Temple at the disput...

Give Feedback