The state provides 1 billion euros to the automotive industry

FThe federal government can now provide additional support for the German automotive industry’s transition to greener drives. On Wednesday, Finance Minister Olaf Schultz (SPD) said after an automotive summit with German Chancellor Angela Merkel (CDU) and industry, unions and representatives that the designation of 1 billion euros by 2025 “future The Fund” is now ready. nation. “Our goal is to enable the German automotive industry to build future climate-friendly cars, create new jobs and maintain added value.”

This fund is specifically aimed at the German “auto zone”, which was confirmed as early as last November at the automobile summit. The specific design has now been clarified. Minister of Economy Peter Altmeier (CDU) said: “We hope that future liquidity will continue to be’Made in Germany’ liquidity.” The fund is an important tool to accompany transformation and ensure employment.

Also promoted further training

Specifically, according to the Ministry of Economic Affairs, 340 million euros will be provided for the regional “transformation network” to bring local players together and develop strategies. Another 340 million euros is used to advance digital solutions. About 320 million euros are aimed at supporting medium-sized companies, etc., to convert production into electric drives and fuel cells. The concept of further training of employees will also be funded.

The Automobile Industry Association (VDA) welcomes the fact that the fund is now in place. President Hildegard Müller said: “Our goal is to transform the transformation into an engine of employment, growth and economics.” Most importantly, a good charging network needs to be established for electric cars in homes, workplaces, retail stores and on the streets.