Germany's 3-billion-euro EV subsidy to include Chinese brands
CnEVPost • • business
Key Points:
- Germany has launched a €3 billion subsidy program to boost electric vehicle (EV) sales, offering incentives ranging from €1,500 to €6,000 primarily for low- to middle-income buyers, with no restrictions on the country of origin for manufacturers.
- The subsidy program includes all automakers, benefiting affordable Chinese EV makers like BYD, which are gaining market share in Europe, contrasting with policies in the UK and France that limit Chinese EV subsidies.
- The German government aims to support EV adoption amid declining demand in Europe's largest auto market, expecting the program to facilitate the purchase of approximately 800,000 vehicles by 2029.
- German Environment Minister Carsten Schneider emphasized the absence of evidence for a major influx of Chinese cars and stated
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