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EV Subsidies in Germany Valid From June 2020 to December 2021
Germany’s sudden spike in EV purchases in 2020 and 2021 is largely attributed to government subsidies and grants. You could get up to €9,000 on an electric car purchase. In 2022, the amount has decreased to €6,000. The government plans to phase out fully electric car subsidies by reducing the amount to €4,000 in 2023, and €3,000 in 2024 and 2025.
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The Electric Vehicle Revolution Has Arrived
The opportunities and challenges presented by the exponential growth found in electric vehicle adoption, with total EV stock expected to reach 138 million by 2030.
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