- May 11, 2011
Germany ready to spend "billions of euros" to support plug-in vehicles
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Germany is ready to dispense "billions of euros" to promote the deployment of plug-ins autos so that a million of these vehicles are registered nationwide by the end of 2020. According to Reuters, in addition to massive amounts of spending, Germany is supposedly working on preparing incentives to boost electric vehicle sales.
Later this month, German Chancellor Angela Merkel will reportedly sign off on legislation that eliminates the motor vehicle tax on plug-in vehicles for the first ten years of registration, Bild newspaper reported last Thursday, without citing its sources. The newspaper further claims that taxes on plug-in vehicles used for work purposes would be reduced substantially, making them as attractive – financially, anyway – as conventional vehicles. Finally, the paper says that the German government intends to buy thousands of plug-ins outright.
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[Source: Automotive News – sub. req.]