Germany to boost electric cars with 1 billion eurosStaff writer ▼ | April 28, 2016
Germany will subsidise electric car purchases to give a jolt to sluggish growth in the sector and help meet national climate goals with zero-emission mobility, the government said.
Ecology The programme starting next month
The programme starting next month aims to help Germany approach its goal of putting one million zero-emission cars on the road by 2020 - up from just around 50,000 now out of Germany's 45 million cars.
So far, German car giants Volkswagen, Daimler and BMW have signed up to it, but the programme is open to all national and foreign brands.
The government has budgeted 600 million euros for the purchase subsidies, which are expected to run until 2019 at the latest.
The money will be disbursed on a first come, first served basis for cars priced no higher than 60,000 euros, said Finance Minister Wolfgang Schaeuble.
"If you want one, buy it quickly," he told a Berlin press conference.
The government has also budgeted 300 million euros to speed up building the infrastructure of electric car charging stations in cities and on Autobahn highway stops.
Another 100 million euros would go toward purchasing electric cars for federal government fleets. ■