Germany pumping €1B into plug-in vehicle subsidies, infrastructure; base price cap of €60K
27 April 2016
The German government will put approximately €1 billion (US$1.1 billion) into subsidies for plug-in vehicles and the supporting charging infrastructure, beginning next month.
Electric car buyers will receive a €4,000 (US$4,500) subsidy; buyers of plug-ins will receive €3,000 (US$3,400). Half of the amount will be provided by the government, the other half by automakers. The total funding is limited to €1.2 billion (US$1.4 billion) (€600 million from the federal government, €600 million from the auto industry) and has a term expiring no later than 2019.
The 50% federal funding depends on the appropriate matching amount from the automaker.
High-priced luxury models are not eligible; the funding ceiling for each base model is €60,000 (US$68,000) net / list price.
To improve the charging infrastructure, the federal government is making €300 million (US$340 million) available for the period 2017-2020—around €200 million (US$226 million) for fast charging infrastructure, and around €100 million for standard charging.
The government will also put €100 million toward procurement of electric vehicles for its fleet, with a target of 20% electric vehicles.
Germany had a target of 1 million electrified vehicles on its roads by 2020; approximately 50,000 have been sold so far.
Excellent shared project to increase electrified vehicles sales and charging stations installations.
Wonder why FCEVs together with main and sub H2 stations were not included? Will they be part of another program?
Posted by: HarveyD | 27 April 2016 at 09:28 AM
Good luck with that. The law is designed to promote plug-ins that suck because that is all that will be available in that price range until Tesla launches Model 3.
Fossils cars are subsidized ridiculously much because they do not pay for all the harm they do to society with air-pollution and because they are unnecessarily unsafe to drive as they lack the most fundamental accident prevention systems like auto-pilot.
Posted by: Account Deleted | 28 April 2016 at 01:05 AM