Original text too short.
German Transport Minister wants to ‘significantly raise e-car subsidy’
2 thoughts on “German Transport Minister wants to ‘significantly raise e-car subsidy’”
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**Gist:** People in Germany who buy a car with a maximum purchase price of €40,000 will, according to the plans, receive a subsidy of €10,800 instead of the current €6,000. In addition, the manufacturers would receive a subsidy of €3,000. For more expensive vehicles up to €60,000, the ministry plans to cover €8,400 of the cost price, instead of the €5,000 promised so far.
Cost for the tax payer is estimated at 73 billion Euros. That’s insane. And that’s coming from the party that usually hates any subsidies and always argues for smaller government.
There is plenty of EV demand, no need to increase it even more right now.