Germany looks to produce 15 million electric vehicles by 2030

Germany will produce 15 million electric vehicles by 2030, as announced by the German Chancellor on Thursday, reiterating the importance of national battery production in the German economy. 

Scholz participated in the Volkswagen battery plant ceremony in Salzgitter.

"We want 15 million electric vehicles on German roads by 2030. We want added value and jobs to stay here in Germany and Europe. We want to manage climate change and at the same time remain an industrial country. So it is obvious that we need our own production of battery cells here in Europe, here in Germany and here in Salzgitter," Scholz said.

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Scholz said that German companies believe that electric vehicle batteries could be "purchased in Asia at any time as needed."

However, since the war started in Ukraine and the Covid-19 pandemic affected global economies, the reliance on global supply chains increasingly posed a risk in some strategic areas, according to Scholz.