Angela Merkel to help German carmakers with price on carbon dioxide
Volkswagen, Daimler and BMW are facing tough times
Frankfurt/Berlin — Chancellor Angela Merkel wants to help offset the higher costs of cleaner vehicles by putting a price on carbon dioxide (CO2) emissions, potentially offering a lift to Germany’s vital automotive industry as it grapples with the high-risk transition away from the combustion engine.
Germany and its car makers are facing a “Herculean task”, Merkel said on Thursday at a ceremony opening the Frankfurt car show to the public. While short on specifics, the German leader backed efforts to encourage consumers to buy more environmentally friendly products such as battery-powered cars fueled by renewable power...
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