German automakers biggest spenders on electric cars: study

March 14, 2018

Germany’s massive car industry is the biggest investor worldwide in electric vehicles, a study published Monday found, as it scrambles under increasing pressure to adopt low-emissions technology. Over the past two years, German carmakers Volkswagen, Daimler and BMW announced 4.7 billion euros of investment worldwide in electric cars, the study by consultancy EY found. That far…



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