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Merkel Cabinet Rolls Out $1.1 Billion to Spur Electric Car Sales

Germany invests €1bn in electric car subsidies & nationwide network of roadside chargers

  • Transport Minister Alexander Dobrindt last month likened the sales trajectory of electric cars to flatscreen televisions, which took eight years to supplant the cathode-ray tube.
  • Electric cars may gain 8% of vehicle market share by 2025
  • A significant market for electric cars will develop from the point the fleet cars are sold on, said Hendricks.
  • Chancellor Angela Merkel’s cabinet signed off on a package of finance worth 1 billion euros ($1.1 billion) to lure Germany’s motorists into buying electric cars.
  • The rebates reach 4,000 euros for all-electric cars and 3,000 euros for hydrids, with the costs born equally by the government and industry.

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@RenewableRachel: “Germany invests €1bn in electric car subsidies & nationwide network of roadside chargers”


Chancellor Angela Merkel’s cabinet signed off on a package of finance worth 1 billion euros ($1.1 billion) to lure Germany’s motorists into buying electric cars.


Merkel Cabinet Rolls Out $1.1 Billion to Spur Electric Car Sales

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