3.7 C
New York
December 17, 2025
Worship Media
Business

New German government to revamp incentives for electric cars

Berlin –

Germany’s new government says it is extending the country’s current system of incentive payments for buyers of electric and hybrid cars by a year.

But the country’s economy and climate ministry said Monday that the government is planning tougher requirements for vehicles to qualify for the support.

The ministry says it will only provide payments starting in 2023 for “electric vehicles that demonstrably have a positive climate-protection effect.”

Meeting that requirement will be based, in part, on a minimum distance cars can travel under electric power. Until then, buyers of electric-only cars will remain eligible for incentives of up about US$10,200, and qualifying buyers of plug-in hybrids for up to $7,605

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/new-german-government-to-revamp-incentives-for-electric-cars-1.5704943

Related posts

Bezos makes gifts to Obama foundation and NYU medical center

CTV News

Asian shares track Wall Street rebound, Shanghai up 1.3 per cent

CTV News

Head of Canada’s largest pension plan resigns after receiving COVID-19 vaccine in Dubai: memo

CTV News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy