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Denmark Ponders New Round of EV Sales Incentives
Denmark’s prime minister tells Bloomberg News that the country might revive sales incentives to rekindle demand for electrified vehicles.
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Denmark’s prime minister tells Bloomberg News that the country might revive sales incentives to rekindle demand for electrified vehicles.
Sales of such cars—dominated by costly Tesla Inc. EVs—surged to about 5,300 units in 2015 because of heavy government tax breaks. But Bloomberg says demand shrank to about 700 units last year when the Danish subsidies were phased out.
Prime Minister Lars Lokke Rasmussen says a plan to revive and perhaps strengthen financial incentives could be included in a broader government program to promote clean-energy consumption. The plan is expected to be announced about six months from now.
Last week the Danish government revealed a 12 billion-kronor ($2 billion) program to wean the country from fossil fuels by 2050. Bloomberg says Denmark currently generates more than 40% of its electricity from wind farms.
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