German Coalition Parties Agree to Reduce E-Car Subsidies

by cloudnewsmag

BERLIN (Reuters) – Germany’s coalition parties have agreed to reduce subsidies for electric cars and to do away with incentives for buyers of hybrid vehicles, German daily Handelsblatt reported, citing government sources.

Buyers of pricier electric vehicles costing up to 65,000 euros will receive a subsidy of 3,000 euros, the paper said. But it added that threshold would drop to 45,000 euros next year and that subsidies would then no longer be available for company cars.

Copyright 2022 Thomson Reuters.

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