4 juin 20
Fil d'Actus

Germany doubles EV incentives as part of recovery package

As part of an 130 billion economic recovery package, the German government is doubling incentives to buyers of battery-electric vehicles until the end of next year.

In spite of pleas from carmakers, ICE cars will not be included in the package.

Buyers of fully electric cars with a list price no higher than €40,000 will be eligible for a grant of €9,000 — one third of which will be funded by the carmakers. Plug-in hybrids are also eligible for the subsidy scheme.

More expensive vehicles, like many EVs from the stables of Audi, Mercedes-Benz and BMW, will not be eligible for the full amount.

The programme will be particularly appreciated by buyers of vehicles like the Volkswagen ID.3 (pictured), with a €30,000 starting price in Germany. Vehicles like the Kia e-Niro and the Peugeot e-208 can also benefit from the incentive.

Meanwhile, the German dealership association ZDK has said the programme “is not even a drop in the ocean” to help sell the unsold inventory in dealer showrooms.

Image: Volkswagen ID.3 (source: Volkswagen)

Authored by: Benjamin Uyttebroeck