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Germany Ponders New EV Subsidies
Chancellor Angela Merkel tells reporters that Germany may introduce new subsidies for electric vehicles to help meet a goal of putting 1 million EVs on the road by 2020.
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Chancellor Angela Merkel tells reporters that Germany may introduce new subsidies for electric vehicles to help meet a goal of putting 1 million EVs on the road by 2020.
If so, she says, the incentives would go into effect after the next general election about a year from now.
Germany registered only about 2,300 EVs from January through August, according to the Centre of Automotive Research at the University of Duisburg-Essen. The group dismisses the government's EV target as "unworldly and naive."
Germany has pledged to spend €1 billion ($1.3 billion) on EV and battery research, Reuters notes. The news service says the government also plans to give EV buyers a 10-year exemption from vehicle taxes if they buy a vehicle before the end of 2015.
But Reuters says those incentives are mild compared to France, where the government intends to boost incentives on EVs 40% to €7,000 ($9,000) and double payments to hybrid buyers to €4,000 ($5,200).
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