DIW boss: Corona accelerates structural change at auto suppliers

Cars parked in a street, over dts
Cars parked in a street, over dts
The head of the German Institute for Economic Research (DIW), Marcel Fratzscher, also sees the corona pandemic as an opportunity to drive structural change in the auto industry.

The suppliers in particular are still lacking successful business models, said Fratzscher on Wednesday in a podcast on the RBB information radio. The pandemic is accelerating the already necessary structural change towards new forms of drive.

An electric motor, for example, needs significantly fewer parts than an internal combustion engine. The companies would have to reposition themselves accordingly. “To a certain extent, the pandemic is accelerating the structural change that is necessary anyway. And if you have to reorganize yourself anyway, the demand for cars has collapsed, now is actually the right time to do that. ”The state is taking huge amounts of money in hand to support the economy, companies, employees. “He should take the majority of the money in hand to support this structural change.” The DIW boss sees government aid in this context rather critically. The change is the responsibility of the management. However, the state can provide support by investing in a modern charging infrastructure that makes the switch easier.