The German government may give the country’s crucial auto industry billions more euros to shift to a future of self-driving cars that don’t burn fossil fuels.
On Monday, as Germany reentered partial lockdown, both Reuters and Handelsblatt reported a plan by the economy ministry to give €2 billion ($2.33 billion) to automakers and their local suppliers by 2024, to promote research and development around the industry’s reinvention and to fund the necessary retraining of staff.
The cash would reportedly come from Germany’s pandemic recovery funds.
