Germany’s green rescue package points the way for Europe.
The German rescue package announced last week will help fight the worst economic shock in decades by transforming the economy to make it greener and stronger, said environmental group Transport & Environment.
Under the plan, €2.2 billion will be spent on incentivising electric cars and car fleets – not polluting petrol and diesels – supporting auto industry jobs and helping the sector to decarbonise.
It also includes €7 billion in hydrogen investments, €2.5 billion for electric vehicle recharging infrastructure and battery manufacturing, €2 billion for energy-efficient houses, €1.2 billion for clean buses and trucks, and €5 billion for the German railway company Deutsche Bahn.
France is also considering state aid for its automotive industry with particular assistance for greener motoring models.