Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla , while polluting SUVs face higher taxes.
FILE PHOTO: A Volkswagen E-Golf electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo
German fuel stations will be required to provide electric vehicle charging, transforming opportunities to refuel zero-emission cars that consumers have shunned in part because of concerns over their range. According to Germany’s Federal Office for Economy and Export, BAFA, the cars eligible for the full subsidy include the BMW i3, Hyundai’s Ioniq and Kona models, Kia’s E-Nero, Peugeot’s electric 208, Renault’s Zoe and Tesla’s Model 3.
“The lowering of VAT will hardly provide an impetus,” said Peter Fuss, a partner at EY, adding electric cars were still too niche to lift the overall market. Berlin’s plans are a rebuff to the German auto industry’s lobbying efforts and are more radical than the French programme, which includes a scrappage scheme that boosts sales of petrol and diesel vehicles.
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