KfW ran out of funds for private wallboxes sooner than expected. At the weekend we were able to report that there are still enough funds available from the 800 million euro fund for around 88,888 wall boxes. A few days later these funds are also used up. A further increase in the budget is not in sight in the short term.
The funding program “Charging stations for electric cars in residential buildings” of the Federal Ministry of Transport and Digital Infrastructure has made a major contribution to electromobility in Germany in a very short time. With around 800 million euros, 888,888 households are being supported with a grant of 900 euros for the purchase and installation of the wall boxes. New applications will no longer be accepted. On the website of the funding program it says: “The funding was very successful, the funding has been exhausted. Please do not submit any more applications. “
Current applications will continue to be processed – provided that the applicants have met all funding requirements. If the application has been confirmed, the reserved grant will be paid out as soon as the installation of the charging station is proven. At the end of June, the Kreditanstalt für Wiederaufbau (KfW) looked at more than 525,444 applications for funding for a private charging station. With this, the KfW again approached the limit of the funding pot, which had meanwhile grown to 500 million euros. Not only theoretically, the funding pot was quickly emptied. Therefore, it was decided to replenish it in July 2021. 300 million euros were added. These were now used up quickly.
Federal Minister Andreas Scheuer regards this as a success. In his opinion, this trend must be continued by the next federal government. “Because only with the right incentives can we get people to switch to climate-friendly e-cars”, so Scheuer continues. A total of 825,042 applications for almost one million charging points are currently being processed. That already corresponds to a sum of 898,107,300 euros, more than 98 million euros over budget.
Experience has shown, however, that this does not pose a problem, since funding programs usually call for more applications than are actually awarded the contract. It is currently assumed that you will end up at around 900,000 charging points and thus relatively close to the mathematically possible 888,888 charging points. 900,000 charging points correspond to a total of 810 million euros. It is not yet foreseeable whether the new federal government will revive KfW funding 440 or launch a completely new program. At least the traffic light coalition wants to make Germany the country of electromobility.
Source: KfW announcement on their website
–
