According to foreign media reports. German Finance Minister Olaf Scholz said he hopes to extend tax incentives for electric and plug-in hybrid vehicles by 10 years.
Germany is trying to boost sales of electric vehicles in response to the diesel cheating scandal that has engulfed the auto industry over the past three years. “German carmakers have invested billions of euros in electric mobile travel, but we have to expand the charging infrastructure and tax incentives at the same time,” Scholz told Frankfurt. “I think it’s important in terms of industrial policy that we expand our support programs for electric vehicles and plug-in hybrid vehicles, which are currently in 2021,” Scholz said. The Mattes added that increasing the use of electric vehicles is critical to the EU’s goal of reducing carbon dioxide emissions, and that the European market for electric vehicles is accelerating, so there is a need to expand the charging infrastructure for electric vehicles. And offer discounts to electric car buyers. The current situation for carmakers is that the investment in electric vehicles is very expensive, and then the return on the investment will take years; In addition, consumers continue to be deterred by high prices, limited range and imperfect charging facilities for electric vehicles. Volkswagen said earlier this month that it would push ahead with the production of electric vehicles, which would force the company to lay off staff. The KBA Automotive Authority said the government subsidy program helped boost sales of electric vehicles, but even so, last year electric vehicle sales accounted for only about 1 percent of German new car registrations. The German auto industry will invest 40 billion euros in electric vehicles over the next three years, said Bernhard Mattes, president of (VDA), the German auto industry association, in a statement earlier.