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Germany will reduce electric car subsidies as EV sales rise

VW ID4 charging
VW has the largest market share for electric cars in Germany, followed by Tesla. Shown is the VW ID4. (BLOOMBERG)
R
By:
Reuters
July 26, 2022 01:51 PM

BERLIN -- Germany will reduce financial incentives to buy electric cars next year, as the vehicles' growing popularity makes government subsidies unnecessary.

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