Germany is a walk in electric car subsidies, such as VW launches car

BERLIN (Reuters) – Germany plans to increase it to one half of the government grants available to buyers of electric cars over the five-year period, starting in 2020, according to a government document seen by Reuters, the latest in a series of measures in order to speed up the adoption of low-emission vehicles.

Workers are cleaning a brand new car after a ceremony to mark the start of production of the new electric Volkswagen model NAME.3, in Zwickau, Germany, on November 4, 2019. (REUTERS photo/Matthias Rietschel

According to the document, to be discussed at a high-level meeting of the general government, and to the car, and the officers of the company as at Monday evening, to be subsidies for plug-in hybrids will soar from 3,000 to 4,500 euros. For vehicles priced over 40,000 euro in funding has been projected to rise to 5,000.

The government hopes to have 10 million electric vehicles on its roads by 2030, as a part of an offensive designed to hit the German automotive industry is observed to be the laggard status of e-mobility in comparison to its competitors in the United States of america, China and australia.

In the paper, it was revealed on the very day that the German Chancellor, Angela Merkel, gave a speech at the Volkswagen plant in Zwickau, where the German looked over at the car manufacturer’s mass production of his identity card.3 is an electric vehicle, a car costs about $ 30,000.

“Now, We can say that in Zwickau, is one of the cornerstones of the modern German car industry, and in the future,” Merkel said at the launch. “Our job as politicians is to create a framework in which new technological innovations are taking place.”

Merkel said the government would invest 3.5 billion euros ($3.90 billion) until 2035, the construction of charging stations for electric cars.

On Sunday, she said that in Germany they have 1 million charging stations by 2030, and urged the automobile manufacturers and energy companies to play their part in contributing to the building up of the necessary infrastructure.

As a part of an auto industry press, BMW (BMWG.DE plans to build 4,000 electric vehicle charging stations, a source familiar with the discussions said on Monday.

In September, at the Frankfurt auto show, Europe’s carmakers warned the government that the rules of the EU, it could be disastrous for earnings and employment because of the mainstream customers are not buying electric cars.

The German car makers are speeding up plans to launch electric vehicles, which are under pressure from the European Union to mandate the provision of a 37.5% reduction in carbon dioxide emissions between 2021 and 2030, on top of a 40% reduction in emissions between 2007 and 2021.

Reporting by Markus Wacket in Berlin, Joern Poltz in Munich; writing by Thomas Escritt and Edward Taylor; editing by Paul Carrel

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