29 Feb '16, 2pm

Automakers to fund 40 percent of proposed German electric-car incentive: Report

Automakers to fund 40 percent of proposed German electric-car incentive: Report

Stephen Edelstein 594 views Feb 29, 2016 Smart Fortwo Electric Drive and Mercedes-Benz B-Class Electric Drive at driving school. Enlarge Photo Germany may be on the verge of turning its talk about electric-car incentives into action. The European nation with one of the world's most robust auto industries has no programs to subsidize the purchase of new electric cars at present, but discussions appear to have gotten more serious over the past few months. A new proposal would allow German electric-car buyers to get up to 5,000 euros ($5,500) in rebates. DON'T MISS: Germany To Spend Billions Supporting Electric Car Expansion And automakers would shoulder 40 percent of the cost of that rebate program, according to Reuters. In addition to incentives for individual buyers, businesses would reportedly get 3,000 euros ($3,280) for each electric car they press into service. If appr...

Full article: http://www.greencarreports.com/news/1102588_automakers-to...

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Germany Implementing €5,000 Electric Car Subsidy, With Automakers Contributing 40%:

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