Germany wants to invest $2 billion in incentives for electric vehicle buyers

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Germany joined the International Zero-Emission Vehicle Alliance (ZEV Alliance) last month and committed to make all passenger vehicles emission-free by 2050. Today, Reuters reports what seems to be the government’s intention to make the first actionable move toward the ZEV Alliance’s goal.

German Economy Minister Sigmar Gabriel said he wants to commit two billion euros ($2.17 billion) to encourage more people to buy electric cars. Gabriel said electric car buyers would receive a subsidy from the government, without specifying the type of subsidy.

The Economy Minister also reiterated Germany’s intention to expand EV charging infrastructure.

The initiative should bring Germany’s incentives on par with the other governments participating in the ZEV Alliance, which include the United Kingdom, the Netherlands and Norway in Europe (OK maybe not on par with Norway’s incentives); California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont in the United States; and Québec in Canada.

 

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Comments

  1. MorinMoss - 7 years ago

    Better late than never, I suppose. They’re weren’t keen on ZEV credits when no domestic automaker was able to build one.

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