Abrupt end to government funding for electric cars
Everyone who bought a new electric car in the most populous EU country, he could previously count on government support of around 3,000 to 4,500 euros per car. That has now changed, the budget has shrunk to a minimum and only applications submitted earlier will be processed.
It is clear that sales of electric cars in the country will decline. Experts are already drawing attention to this and are sounding the alarm about ecological and economic risks. Some experts say that sales of electric cars could drop from 500,000 vehicles this year to 300,000 units next year. This is very bad news for the German car industry.
Already after the temporary change in financing – including the reduction of subsidies – at the beginning of 2023, the Germans reacted and there was a noticeable decrease in the demand for electromobility. The federal government wants to have at least 15 million fully electric cars on German roads by 2030. This would correspond to around 30 percent of the cars currently registered in the country.