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business1d ago
Germany to offer EV buyers up to €6,000 a car to boost demand
- Germany launches subsidies to target lower earners, aiming to boost EV uptake up to 800,000 cars.
- Subsidies could provide up to €6,000 per EV to eligible buyers, expanding access.
- Volkswagen and other German automakers plan BEVs for broader audiences with lower-price models.
- ID Polo is slated to debut in 2026 with a likely price under €25,000.
- The policy shift follows mixed effects of tax breaks on EV registrations in November.
- Legacy brands feel the impact differently as some rely on incentives while others cut back.
- Market observers see a fiercer competition as OEMs press for EV market share.
- The subsidies aim to expand ownership beyond higher-earning customers.
- Analysts note some brands may use factory incentives to offset policy gaps.
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