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New German government to revamp incentives for electric and hybrid cars – EQ Mag Pro

New German government to revamp incentives for electric and hybrid cars – EQ Mag Pro

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Germany’s new government said Monday it is extending the country’s current system of incentive payments for buyers of electric and hybrid cars for a year but then plans to impose tougher requirements for vehicles to qualify for the support.

Germany’s new government said Monday it is extending the country’s current system of incentive payments for buyers of electric and hybrid cars for a year but then plans to impose tougher requirements for vehicles to qualify for the support.

The economy and climate ministry that was set up when Germany’s new government took office last week said it will only provide payments starting in 2023 for “electric vehicles that demonstrably have a positive climate-protection effect.”

Meeting that requirement will be based, in part, on a minimum distance cars can travel under electric power.

For the next year, the current system will still apply, making buyers of electric-only cars eligible for incentives of up to 9,000 euros (about USD 10,200) and qualifying buyers of plug-in hybrids for up to 6,750 euros.

Source : Ians
Anand Gupta Editor - EQ Int'l Media Network