
As other countries cut subsidies for battery electric vehicles (BEV), Germany is doubling down. As highlighted in a tweet from European automotive market analyst, Matthias Schmidt, Germany is literally doubling its stimulus payments for buyers of electric vehicles. In short, new EV buyers could receive up to €9,000 ($10,000) towards purchase of a new BEV. 🚨BREAKING🚨 Petrol and diesel cars omitted from the German government's stimulus package. BEVs will see a government contribution for electric cars rise from €3k to €6k with the manufacturer's contribution remaining the same (€3k). Total €9k for BEV <€40k pic.twitter.com/QRDNgDWzjp — Matthias Schmidt (@auto_schmidt) June…
This story continues at The Next Web
from The Next Web https://ift.tt/2ADbN3r