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German automakers are reluctant to finance the government’s €1 billion electric vehicle plan

Mercedes-Benz auf der Silvretta E-Auto Rallye 2015

As we previously reported, the German government is currently in the final stages of establishing a new plan to boost the electric vehicle market in the country. The plan is rumored to include tax breaks for the development of EV technologies, investments in charging infrastructures and finally a much-anticipated €5,000 discount at the purchase of an electric vehicle.

The government is reportedly in negotiations with the German auto industry to figure out the financing of the initiative, but apparently the industry is only willing to pay for about a third of what the government is asking.

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