FRANKFURT – Daimler AG CEO Dieter Zetsche said Germany will fail to reach a goal of putting one million electric vehicles on Germany's roads by 2021 if the government doesn't offer subsidies for the cars, the German Bild newspaper said, citing an interview with the manager on Monday.
Germany will have 500,000 electric cars by that time "at the most" without incentives, Zetsche was quoted as saying.
Earlier this month, the German government announced an additional 1 billion euros ($1.4 billion) in research and development aid for electric vehicles, doubling its budget by 2013 in a bid to position itself at the forefront of the technology's advance.
Tax rebates, dedicated parking spots and measures aimed at promoting government use of electric cars are among the other incentives to be adopted as Germany strives to meet its EV target within ten years, Chancellor Angela Merkel told reporters at the time.
But unlike many other European countries, Germany does not offer direct subsidies to car buyers choosing to purchase an EV.