German electric car manufacturers are on the verge of bankruptcy

In an article, Euronews discussed the stagnation of the German electric car market and wrote: Despite billions of euros invested in the production sector, the sale of electric cars in Germany has decreased by 16.4% in the first half of this year.

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Friedrichshafen ZF automotive group has been forced to lay off part of its workforce as a result of the decline in its car sales. This company alone will lay off about 14,000 employees. Other companies will follow the same scenario.

Automakers say that they have followed America as an example in the field of electronic cars and they need government subsidies to continue. They also complain that electricity at charging stations is too expensive.

The crisis in Germany does not end only with electric cars. According to the statistics of the Central Bank of the Federal Republic of Germany, the debt of the country’s government has increased by 62 billion euros, reaching an unprecedented figure of 2,620 billion euros.

The Central Bank of Germany has announced that “we have not yet seen the beginning of the process of improving the economic situation in the country, and in the first quarter of this year we also saw a decrease in the gross domestic product in the country.”

Translator: Azam Purkand