German government expands electric car incentive program

It is backed by a 1.2 billion-euro ($1.3 billion) fund, half financed by the federal government and half by the auto industry.

31 May 2019 | 13:27

Source: Associated Press

  • Source: Associated Press
  • Last update: 31 May 2019 | 13:27

This photo shows a charging station for electric cars in front of the headquarters German energy company Innogy. (AFP Photo)

BERLIN: The German government is extending a system of incentives to buy electric cars by 18 months until the end of 2020.

The program launched three years ago was supposed to expire at the end of June, but demand for electric cars has remained disappointing. It is backed by a 1.2 billion-euro ($1.3 billion) fund, half financed by the federal government and half by the auto industry.

Announcing the extension on Friday, Economy Minister Peter Altmaier said that “we need continuity in support” for electric cars. The incentives will continue at their current level: buyers of purely electric cars will continue to get 4,000 euros and people buying plug-in hybrids will get 3,000 euros.

Altmaier said applications for the incentives have been rising “but more slowly than we had hoped.”

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