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Germany Ponders EV Incentives
The German government appears likely to ask domestic carmakers to co-finance incentives worth as much as €5,000 ($5,400) to bolster demand for electric and plug-in hybrid vehicles, Reuters reports.
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The German government appears likely to ask domestic carmakers to co-finance incentives worth as much as €5,000 ($5,400) to bolster demand for electric and plug-in hybrid vehicles, Reuters reports.
Germany’s goal is to put 1 million electrified vehicles on its roads by 2020. But last year only 12,300 EVs and about 11,200 hybrids were registered in Germany, according to the country’s Center of Automotive Management.
Berlin so far has favored support for research rather than direct sales incentives to reach its EV goal. The idea of launching more consumer-oriented action is being discussed by the leaders of the three political parties in Chancellor Angela Merkel’s ruling coalition, according to Reuters.
One of the leaders is Bavaria Premier Horst Seehofer, who says his region favors incentives for buyers. Bavaria is home to BMW and Volkswagen, both of which are stepping up efforts to market hybrid and electric vehicles.
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