Germany’s Transport Minister plans to increase EV subsidies up to 80%

Written by Cláudio Afonso | | LinkedIn | Twitter

According to Handelsblatt, Germany’s Transport Minister Volker Wissing is planning to increase the electric vehicles subsidies from 6,000€ to 10,800€ – an increase of 80% for the vehicles cheaper than 40,000€. The plan came out in a government report in which several research institutes evaluated the draft for an immediate climate protection program

For the models costing from 40,000-60,000€, the ministry is planning to increase the subsidy from 5,000 to 8400€. In addition, there is the subsidy from the manufacturers of 3000 euros, which they are also to continue to grant until 2027.

From the second half of 2023, buyers will have to scrap a combustion car that is at least eleven years old in order to still receive the full subsidy. The value of the scrapping premium could be around 1500 euros, Handelsblatt reported.

In December, when Wissing became Minister, said Germany’s transport sector must “make a major contribution” to ensure the country reaches climate neutrality: “I am very determined to step on the gas when it comes to climate neutrality. It is absolutely clear that we cannot achieve our climate goals with fossil combustion engines and that is why we need alternative climate-neutral mobility. Electromobility is available. Now we need to expand the charging station infrastructure and make sure that people are willing to make the switch wherever possible,” he said.

Written by Cláudio Afonso | | LinkedIn | Twitter