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BMW CEO urging tax subsidies for electric vehicles in Germany to bolster sales
15 July 2012
Financial Times Deutschland. BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years.
“But last year, we sold just 2,000, including 100 at retail,” Reithofer said on Thursday at the “Handelsblatt” annual conference in Munich. Because of the high purchase prices for electric cars, there is a need for incentives...“for example, the tax law.”
...In Europe, the EU Commission wants to reduce CO2 emissions dramatically. But to reduce the CO2 emissions of the BMW fleet from today’s 148 grams to 100 grams would be "a huge challenge," said Reithofer. BMW will expand its range of hybrid cars and start at the end of 2013 with mass production of electric BMW i3.
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