How much does Germany spend on EV and stationary battery research?
Public research and development incentives for EV and stationary battery research amount to between EUR 80 million and EUR 85 million every year. As the European lead market in the energy transition age, Germany provides the opportunity for companies to develop, test, define and market new energy storage solutions.
Is Germany a good place to invest in energy storage?
While the demand for energy storage is growing across Europe, Germany remains the European lead target market and the first choice for companies seeking to enter this fast-developing industry. The country stands out as a unique market, development platform and export hub.
What is Germany's power market like?
Germany has Europe’s single largest power market, representing about 20% of the total generation capacity of interconnected grids. “It’s also an interesting market because it’s so liquid. I think the trading volumes and the number of market participants are very high,” Jimenez said, including direct interconnection with nine neighbouring countries.
How many electric vehicles are there in Germany?
Currently, there are around 180,000 electric vehicles – supported by an infrastructure of around 7,900 AC and more than 1,400 DC charging stations – on German roads. Industry experts expect exponential e-vehicle registration growth in the years ahead.
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