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Germany: No Plan for Big EV Incentives
Germany’s transport ministry denies a Der Spiegel report that the government will offer incentives as great as €5,000 ($5,400) to buyers of electric vehicles.
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Germany’s transport ministry denies a Der Spiegel report that the government will offer incentives as great as €5,000 ($5,400) to buyers of electric vehicles.
The plan would help the country reach its target of putting one million EVs on the road by 2020, according to the weekly magazine. It says the government may fund the program by raising fuel taxes or hiking fees on vehicles that emit relatively high levels of carbon dioxide.
But the transport ministry insists the government is neither discussing such a plan nor the options mentioned for funding it. Germany currently offers tax breaks for EV owners. Reuters says sales of electric vehicles in Germany totaled fewer than 19,000 units in 2014.
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