Germany: Subsidies on hybrid vehicles to end this year, EV subsidies to be reduced

RahulNagaraj · 27th April 2022, 17:42

According to media reports, Germany's Economy Ministry is planning to scrap the subsidies offered on plug-in hybrid vehicles earlier than planned. Reports suggest that any and all benefits for consumers buying plug-in hybrid vehicles will be eliminated by the end of the year.

Germany: Subsidies on hybrid vehicles to end this year, EV subsidies to be reduced-volvoelectricsuv4.jpg

Further, the subsidies offered on electric vehicles will also be phased out slowly by 2025. The Ministry has already announced a drop in the subsidy amount for EVs from 6000 euros to 4000 euros for next year. This will further reduce to 3000 euros in 2024, before being completely removed post 2025.

The reason for removing the subsidies is to focus more on climate protection. Economy Minister Robert Habeck stated that plug-in hybrids have become marketable and no longer need public funding. The ruling coalition in Germany stated that from next year, the government will only provide support for hybrid cars that are considered to have a "positive impact on the climate", before halting subsidies entirely by the end of 2025.

Source: TheDriven

Link to Team-BHP news

27th April 2022, 17:42	#1
RahulNagaraj Senior - BHPian Join Date: Mar 2021 Location: Bangalore Posts: 2,128 Thanked: 20,694 Times	Germany: Subsidies on hybrid vehicles to end this year, EV subsidies to be reduced According to media reports, Germany's Economy Ministry is planning to scrap the subsidies offered on plug-in hybrid vehicles earlier than planned. Reports suggest that any and all benefits for consumers buying plug-in hybrid vehicles will be eliminated by the end of the year. Further, the subsidies offered on electric vehicles will also be phased out slowly by 2025. The Ministry has already announced a drop in the subsidy amount for EVs from 6000 euros to 4000 euros for next year. This will further reduce to 3000 euros in 2024, before being completely removed post 2025. The reason for removing the subsidies is to focus more on climate protection. Economy Minister Robert Habeck stated that plug-in hybrids have become marketable and no longer need public funding. The ruling coalition in Germany stated that from next year, the government will only provide support for hybrid cars that are considered to have a "positive impact on the climate", before halting subsidies entirely by the end of 2025. Source: TheDriven Link to Team-BHP news Last edited by RahulNagaraj : 27th April 2022 at 17:44.
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