Germany Might Commit $2.2 Billion To Encourage Electric Car Adoption
Incentives to buy plug-in electric cars is one of the main topics in focus in Germany after the government noticed that they will miss the 1 million electric car goal by 2020.
The situation is a lot different today than five years ago, because now German carmakers have introduced many all-electric and plug-in hybrid models, so launching incentives would now benefit the country’s domestic automakers as much as others.
According to Reuters, Germany could put €2 billion ($2.17 billion) to encourage the switch to EVs.
The main idea is to set a subsidy to buy electric cars. Other ideas are to expand the charging network and encourage federal offices to use electric cars.
“German Economy Minister Sigmar Gabriel wants to commit two billion euros ($2.17 billion) to encourage more people to buy electric cars, the newspaper Die Zeit reported…Gabriel also wants to expand charging stations and encourage federal offices to use electric cars – an initiative that will be funded under the current German budget without tax increases, he said.”
Knowing that there are likely some subsidies coming in the near-future, some consumers could delay purchase decisions this year.