German ministry wants to extend electric car subsidies

  • News Digest

Apr 20, 2019-

BERLIN: Germany’s economy ministry wants to extend subsidies for new electric cars until the end of 2020 in an effort to increase sales, draft guidelines seen by Reuters on Thursday showed. Germany is trying to boost demand for electric vehicles on environmental grounds and in response to a diesel emissions cheating scandal that has engulfed the country’s auto industry, notably Volkswagen but also others including Daimler, in the last three years. The document, drawn up by the economy ministry, has been sent to other German ministries for approval. Incentives worth 4,000 euros ($4,500) on the purchase of a new electric car in Germany were introduced in June 2016 and are due to end in June. The draft envisages an extension until Dec. 31, 2020 in largely its current form. (REUTERS)

Published: 20-04-2019 10:17

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