Germany wants 1 million electric cars by 2020

May 3, 2010 5:00:54 AM PDT
German Chancellor Angela Merkel and top executives of the country's main carmakers and energy companies are meeting in Berlin to launch a new initiative to develop electric vehicles. The so-called "national platform for electric mobility" being started Monday comes after Merkel pledged to have one million electric vehicles on the road within the next decade.

Merkel says there needs to be greater independence from natural resources. She is pushing sustainable technologies that will help limit the effects of climate change.

BMW AG's chief executive Norbert Reithofer says Germany is well positioned to become a technology leader in that market.

He says: "To make this happen, our leaders in politics and industry have to be pulling in the same direction."