Germany set to boost buyer incentives on electric vehicles

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As Volkswagen’s ID 3 production EVs begin to roll off the assembly line, Germany is looking to grease the skids for electric-car hopefuls with increased subsidies for electrified vehicle buyers over the next 5-10 years. 

The German government has committed to a 50 percent increase in electric vehicle subsidies from 2020 to 2025. That includes increasing the subsidies for plug-in hybrids from 3,000 to 4,500 euros. For vehicles costing 40,000 euros or more, the subsidy will increase to 5,000 euros. 

Germany’s goal is to put 10 million electric vehicles on the road by 2030. Speaking at the facility where Volkswagen has started building its ID 3 EV, German Chancellor Angela Merkel pushed for a $3.5 billion investment in her country’s charging infrastructure, saying that the country would need as many as 1 million stations in order to support its EV proliferation targets. 

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