Hyperdrive
Germany Boosts Electric-Car Incentives to Stimulate Demand
- Cash bonus to be raised to as much as 6,000 euros per vehicle
- Automakers will still cover half the cost, government says
Battery cables are attached to a VW ID.3 electric hatchback in Zwickau, Germany, on Nov. 4.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars, intensifying an effort to move away from the combustion engine and reduce harmful emissions.