Germany increases EV incentives to stimulate demand

The subsidy means that a midrange version of VW's new ID3 battery-powered hatchback will cost around 24,000 euros to 25,000 euros in Germany. (Wolfgang Rattay/REUTERS)

B

By:

Bloomberg

November 05, 2019 01:50 PM

BERLIN -- Chancellor Angela Merkel's government and German automakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine.

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