German auto stimulus to accelerate the transition to electric vehicles

“Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla, while polluting SUVs face higher taxes.”
The country has effectively doubled electric car subsidies, lowered the associated VAT, and rejected an auto industry request to incentivise ICE vehicles in favour of a plan to increase charging infrastructure.

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Germany will also take a bold step forward by mandating EV chargers at all gas stations. To read the full article, click here