27 Apr '16, 1pm

Germany announces $1.4 billion electric-car incentive plan

Stephen Edelstein 77 views Apr 27, 2016 2016 BMW i3 Enlarge Photo After much discussion, Germany appears poised to implement significant incentives to encourage the purchase of electric cars. This week, the German government announced an incentive program that will include rebates for both electric cars and plug-in hybrids. Lawmakers have committed 1.2 billion euros (about $1.4 billion) to the program. DON'T MISS: Germany To Spend Billions Supporting Electric Car Expansion That will hopefully yield up to 400,000 electric-car sales , German Transport Minister Alexander Dobrindt told Reuters when the program was announced today. Buyers of electric cars will receive 4,000 euros (about $4,500), while buyers of plug-in hybrids will receive 3,000 euros (about $3,400). However, there will be a price cap of 60,000 euros (about $68,000). Cars costing more than that will not be elig...

Full article: http://www.greencarreports.com/news/1103636_germany-annou...

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