Report

BMW CEO says governments need to offer more tax subsidies for EVs

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Bruder, can you spare a Euro?

That's what BMW CEO Norbert Reithofer was saying to the German government at a Munich conference, Green Car Congress reports, citing (and translating from German, danke schön) Financial Times Deutschland.

The Reithofer said that the German government's goal of having a million electric cars on German roads by the end of the decade will require the government to enact subsidies in the form of tax incentives. Just 2,000 EVs were sold in Germany last year.

Automobile Magazine reported in June on rumors that BMW may delay or even discontinue some of its planned electric-drive vehicles within its new i brand because of concerns over lagging demand for plug-ins, but the news from BMW continues to show progress on plug-ins. Last month, BMW unveiled a concept version of its i3 battery-electric vehicle along with the opening of the world's first i store in London. The i3, which is said to have 170 horsepower and a single-charge range of as many as 100 miles, is set to go into production next year.

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