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Germany’s New EV Incentive Draws 1,800 Customers
Germany says the discount program it launched on July 1 to foster sales of plug-in hybrids and electric vehicles has so far attracted 1,800 applicants.
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Germany says the discount program it launched on July 1 to foster sales of plug-in hybrids and electric vehicles has so far attracted 1,800 applicants.
Germany’s Federal Office for Economic Affairs and Export Control, or BAFA, says about one-third of applicants to date bought an electric vehicle from BMW. One in four purchased a Renault model, and 9% opted for an electrified Volkswagen vehicle.
The €1.2 billion ($1.3 billion) program, which is co-funded by the government and carmakers, includes €300 million in funds to install more charging stations in Germany.
The scheme grants €4,000 ($4,400) to EV buyers and €3,000 ($3,300) to consumers who buy a plug-in hybrid. EV owners also will be exempt from paying a vehicle tax for 10 years.
The program is scheduled to expire in June 2019. Germany hopes to put 1 million electrified vehicles on the road by 2020.
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