BMW is profiting from the new German incentives on EVs, i3 sales are up ‘many times over’
Earlier this year, Germany announced its first electric vehicle incentive program to spur adoption of green vehicles in the country. Financed by both the state and the local auto industry, the program offers a €4,000 discount at the purchase of an all-electric vehicle and €3,000 for a plug-in hybrid.
The program is capped to electric vehicles with a starting price of less than €60,000, which prompt Tesla to respond and claim that it was purposely left out by the auto industry since its vehicles start at over €60,000. While the program is not helping Tesla, it is certainly helping BMW as reports are coming out claiming that sales of the BMW i3 are somewhat unsurprisingly significantly rising in Germany since the launch of the program earlier this month. Expand