Daimler Executive Proposes Annual Fuel Price Hike to Boost Electric Car Adoption

Martin Daum suggests a yearly increase in gasoline prices to encourage a shift towards electric vehicles, opposing direct state subsidies for e-cars.

Martin Daum, former Daimler Truck CEO, advocates for a 10-cent annual increase in gasoline prices to promote electric vehicle sales.
Daum argues that a gradual fuel price rise would eventually deter frequent drivers from purchasing gasoline cars.
He believes that direct subsidies for electric vehicles should be limited to the initial phase of new technology adoption.
Daum suggests government investment should focus on infrastructure like charging stations and roads rather than direct e-car incentives.
The transportation sector in Germany accounts for over 20% of greenhouse gas emissions, with electric vehicles comprising only 3% of the market.