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.
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.
Reporting by Markus Wacket; writing by Thomas Escritt; editing by Paul Carrel