Germany Eyes New EV Incentives to Revive Sales and Meet Climate Goals
SPD proposes using €500 billion fund to support low-income households in electric vehicle adoption, while emphasizing investments in education during coalition talks with CDU/CSU.
- SPD General Secretary Matthias Miersch advocates for EV purchase incentives funded by a €500 billion special infrastructure fund, focusing on low-income households.
- The proposal includes potential leasing programs inspired by France's subsidized model, offering affordable options for lower-income individuals.
- Germany's EV sales dropped 27% in 2024 following the abrupt end of the environmental bonus in December 2023, highlighting the urgency for new incentives.
- The SPD's plans align with the coalition's exploratory agreement, which prioritizes sustainable mobility and infrastructure improvements.
- Coalition negotiations between SPD and CDU/CSU also emphasize addressing poor school conditions through significant educational infrastructure investments.
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