. . . Whether it will be enough to achieve 1 million EVs by 2020 (from over 50,000 today) remains a question. Over €1 billion is planned for incentives, but that amount will not even last for 500,000 cars. So most likely the program will need to “double up” at some point if it is received at a pace congruent to German plans.
Consumers in Germany can count on:
- subsidy of €4,000 for all-electric cars and €3,000 for plug-in hybrids
exemption from paying vehicle tax for ten years (previously five years)
reduced tax rate of 25 percent on electricity for charging electric cars at work by employees
Funds for the project will be equally shared by government and the car industry.
€300 million will also be spent on the charging infrastructure (mostly DC fast chargers). . . .
