Germany’s EV Incentive Plan Working; Nearly 2,000 Sign Up

By Larry E. Hall Introduced on July 1, Germany’s plug-in electrified vehicle incentive plan saw some 2,000 people sign applications.
Perhaps showing national brand preference, a third of buyers opted for BMW models, while a third were filed on behalf of companies according to an Automotive News report.
Buyer incentives include: a subsidy of $4,485 (4,000 euros) available for battery-electric vehicles, and $3,364 (3,000 euros) for plug-in hybrid electric vehicles.
They’ll also receive an exemption from paying a vehicle tax for 10 years, an increase from the previous five-year exemption.
Additionally, there’s a 25-percent tax rate reduction on electricity used for charging plug-in vehicles at work by employees.

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