Eastern Germany’s New Growth Engine
Eastern Germany has suffered from three decades of deindustrialization since the collapse of communism, largely because of poor policy decisions. But by becoming an electric-vehicle powerhouse, the region can help to drive Europe's green transition and secure its own future prosperity.
MUNICH – This week, Germany celebrates the 30th anniversary of its reunification. After years of frustration and gloom, the long-depressed east of the country – the former German Democratic Republic (DDR) – is finally experiencing fresh hope owing, to large new investments in electric-vehicle (EV) manufacturing.