BERLIN (AP) — The German government is extending a system of incentives to buy electric cars by 18 months until the end of 2020.
The program launched three years ago was supposed to expire at the end of June, but demand for electric cars has remained disappointing. It is backed by a 1.2 billion-euro ($1.3 billion) fund, half financed by the federal government and half by the auto industry.
Announcing the extension on Friday, Economy Minister Peter Altmaier said that “we need continuity in support” for electric cars. The incentives will continue at their current level: buyers of purely electric cars will continue to get 4,000 euros and people buying plug-in hybrids will get 3,000 euros.
Advertisement - story continues below
Altmaier said applications for the incentives have been rising “but more slowly than we had hoped.”
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.