Feb 13, 2019

Germany considers extending EV subsidies

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It is looking quite likely that Germany will extend subsidies for electric cars and plug-in hybrids. The German government is reportedly considering extending the available time period beyond June 2019.

The German environmental bonus was originally planned to run until the end of June 2019, but as the German Press Agency has now learned from government circles that “serious consideration” is being given to extending the bonus beyond the summer.

The 600 million euro federal subsidy fund, which is boosted by another 600 million euros by manufacturers, is still well filled: according to the latest analysis of the BAFA figures, only 177,945 million euros had been used up by the end of January. Further reasons for the probable extension of the purchase premiums are that more electric cars are being released onto the market and the capacity of Germany’s charging infrastructure is showing improvement.

The German Federal Government is subsidizing battery electric and fuel cell cars with 2,000 euros and plug-in hybrids with 1,500 euros. The manufacturers add the same amount again for each purchase. By the deadline of 31 January 2019, however, a total of only 97,645 applications were made for the purchase premium. Of these,  62,912 were for purely battery electric vehicles, 34,690 were for plug-in hybrids and 43 for fuel cell vehicles. Originally, the purchasing premium was intended to increase purchasing numbers to around 300,000 passenger cars. However, it is already clear that this goal is far from being achieved. The truth is, however, that the demand for electric cars is significantly higher, only demand cannot be met. At present, there is a lack of model diversity and available quantities.

edison.handelsblatt.com, automobilwoche.de, electrive.net (all in German)

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Found on electrive.com
https://www.electrive.com/2019/02/13/german-govt-considers-expanding-subsidies/
13.02.2019 14:51