04 May 2010 15:53 [Source: ICIS news]
TORONTO (ICIS news)--Germany’s chemical industry has welcomed a government initiative to have 1m electric vehicles on the roads by 2020 as a big opportunity for producers, an industry trade group said on Tuesday.
“The chemical industry supplies the critical components for e-vehicle batteries,” said Klaus Engel, who is vice president of ?xml:namespace>
The potential application of large lithium batteries could “revolutionise” the industry, he said.
At the same time, chemical producers were also driving technologies for emissions-free fuel cells and new lightweight plastics and carbon fibres for vehicles, Engel said.
However, to further develop e-mobility technologies,
The government also said that €500m ($658m) in funds from a recent economic stimulus measure were going towards promoting electro-mobility.
($1 = €0.76)
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