Germany plans to hike e-vehicle grants by €1,500-€2,000 as VW launches car

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Germany plans to hike e-vehicle grants by €1,500-€2,000 as VW launches car

Germany, one of the very few élans vitals of EU economy alongside other majors likes of France, Italy and Spain, had been exploring an option to hike the monetary grants allotted to the buyers of e-vehicles by roughly 50 per cent with a range of €1,500 to €2,000, a government document seen by a press agency reporter had revealed on Monday, the 4th of November 2019, remarking the latest measure of Berlin to accelerate an en masse adoption of low-emission vehicles.

On top of that, according to the government document leaked by a press agency reporter as beforementioned, Monday (November 4th) evening would be hosting a high-stake talk between the government officials and German automakers over rising grants for hybrid vehicles up to €4,500 from an earlier figure of €3,000, while electric vehicles or hybrid plug-in vehicles priced over €40,000 would be offered with a grant of €5,000.

In point of fact, following reveal of media reports that Germany was seeking to increase grants over e-vehicle purchases, multiple industry analysts were quoted saying that the measure was part of an aggressive attempt of Berlin to turn around its so-called holdup in e-vehicle industry in comparison with rival US alongside China, while the government of Germany was planning to have as much as 10 million e-vehicles on the roads alongside 1 million charging points by 2030, German Chancellor Angela Merkel recently said in her visit into New Delhi.

Meanwhile, adding that the German government would spend roughly €3.5 billion by 2035 to build charging stations for e-vehicles in a bid to downsize the number of fossil-fuel powered vehicles by 90 per cent by 2030, German Chancellor Merkel said in a speech at VW’s Zwickau factory, where the German leading automaker was building its €30,000 ID.3 all-electric car, “We can now say that Zwickau is a pillar of today’s German auto industry and of its future. Our task as politicians is to create a framework where new technological innovations can take hold. ”