Purchase bonuses forโ electric cars will return in Germany on January 1, โข2024, following a decision by the Federal Ministry for Economic Affairs and Climate Action.The reinstated subsidies aim to bolster demand for electric vehicles asโ sales have slowed inโ recent months.
The resumption โฃof purchase premiums โฃaddresses concerns from the automotive industry and environmental groups about declining EV adoptionโ rates. The new program offers up to 4,500 euros for theโ purchase โof a new electric vehicle, with the amount varying based on the vehicle’s list price and the buyer’s contribution. This move is intended to help Germanyโ meet its climate goals and accelerate the transition to electric โmobility, particularly as previous incentives expired at theโ end of 2023.The funding is allocated from the Climate and Change Fund.
