Lithium Charge: Germany to pay bln euro subsidy for electric cars tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, abn.v, res, mcp, avl.to, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai, rno.pa, hev, aone, vlnc

  Finally, we have a decisive move by the German government to support the roll out of Electric Cars. We hope that from now on German automakers will follow. 

  We have a very strange feeling that German automakers were taken by surprise by the real shift towards Electric Cars and Lithium based technology. Billions were burnt on Hydrogen and "Clean" diesel. Problem with both that they are still in need of fossil fuels, which are running out according to the estimates of German military analysts.

  So far it was a lot of noise, but not really a lot of real Electric Cars to show on the roads. Daimler is very slow with its E-cell roll out program, Smart Electric is at least can be called "challenging" by its performance.

  Daimler has spent billions on Hydrogen and its move into the Hybrids and full electrics was behind the curve.

    Audi is just making headlines on the concept cars. They are beautiful, but even the styling demonstrates that it is not a cheap exercise and they are aiming at the elite super cars so far.

  BMW has spent few millions on the branding of Born Electric and BMW I and unveiled a few electric concepts with unclear production targets.

  BMW Active E is the step in the right direction and promise change in the company's speed to the market in this sector.

 Volkswagen was holding back until recent bold move in the Chinese market to build all Electric Cars with FAW.

  Now we can expect that things will be changing very fast and DBM Energy wonder Lithium battery will be making headlines again.

"News about wonder Lithium battery from German DBM Energy are sipping into the mass media place. We have our Catalyst and perfect storm for thisGenerational Bull in place: IEA admits that Crude Oil Peak has already happened in 2006; Shai Agassi shares economics of Oil, Auto and Electric Cars industries; and we have the new hype in the U.S.  Lithium OTC market these days. Our take is that there can be any Hype in any market without the Interest - we are close to the tipping point in Lithium market.

  Serious players are coming into the lithium space now. Gas prices are pushing consumers to the idea of Electric Cars even with just few of them which are already on our streets - more are coming. With this development from DBM Energy maybe even German automakers will wake up and for real will embrace the Electric Cars, otherwise we should wait for announcement from another Chinese company about the breakthrough in Lithium batteries technology. Chinese companies are moving into the sector with State-level support and announced target to become the leader in Lithium batteries and Electric Cars."

AFP:

Berlin to pay bln euro subsidy for electric cars

– Sun May 15

BERLIN (AFP) – The German government is prepared to pay a billion euros ($ 1.4 billion) in subsidies over the next two years to help its industry develop electric cars, Welt am Sonntag newspaper said Sunday.

Chancellor Angela Merkel, in her weekly podcast Saturday, called for Germany to become the market leader in the new technology with a view to "having a million electric cars on our roads by 2020".

The cabinet is to discuss financial support for the industry as early as Wednesday on the strength of a report, due out Monday, in which the National Electro-mobility Platform", a government-sponsored commission of industry experts, recommends such a move, according to Welt am Sonntag.

The government is considering granting tax relief to the owners of electric cars, along with non-monetary measures such as special fast lanes and priority parking for such cars, the paper said.

"Contrary to what was earlier envisaged, there will be a very quick decision on government help", an unammed source close to the government told the paper.

The economic Wirtschaftswoche magazine reported earlier this month that the National Electro-mobility Platform commission would ask for "several billion euros' worth" of government support to spearhead the development of the new technology, seen as crucial to help reduce greenhouse gas emissions along with dependency on foreign oil imports.

On Saturday, Merkel said Germany, "where the first motor car was built", should become "the market leader and leading provider" for electric cars.

The two main problems in developing the new technology involve the building of long-powered batteries and the setting up of the infrastructure needed to recharge them, she said.

"For this there already exists a range of pilot projects and these must be quickly developed," she added.

"By 2030 there could be six million electric cars" on German roads, she added.

Germany's Automobile Federation (VDA) has announced that this year's Frankfurt international car show, to be held from September 15 to 25, would highlight electric cars.

The world's leading luxury car maker, BMW, has also announced its intention to launch its first all-electric urban vehicle in 2013, two years earlier than planned.

Daimler is poised to unveil this year an electric version of its mini "smart" car, as well as a version of its Mercedes A class, while Volkswagen, Europe's biggest automaker, expects to launch its electric car in 2013.

The automotive industry has long been one of the main engines of the German economy, spearheading its all-important export market and healthy trade surplus."

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