UPDATE 1-Merkel sticks to electric cars target despite setbacks

Newswire

* Wants 1 mln electric cars in Germany by 2020 * Only 3,000 sold in Germany last year * Nearly half of Germans won't pay higher cost * Better Place failure not seen as significant problem By Christiaan Hetzner and Andreas Cremer BERLIN, May 27 (Reuters) - Chancellor Angela Merkel reaffirmed her target to bring one million electric cars on to German roads by the end of the decade, despite evidence of dwindling consumer ...

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