Germany is increasing grants to electronic car buyers by half over five years starting in 2020, according to the latest government document seen by Reuters as part of a series of measures to accelerate dependence on low-emission vehicles.
According to the document, which is scheduled to be discussed on Monday evening at a meeting between government officials and high-level car owners, the grants will increase from 3,000 to 4,500 euros. For cars over 40,000 euros, grants will amount to 5,000 euros.
The German government wants to have about 10 million electronic cars on the road by 2030, which is part of the goal of delaying the German car industry in electronic progress compared to its competitors in China and the United States.