More
    HomeGreen LivingGreen VehiclesGermany pulls the plug on subsidies for electric trucks

    Germany pulls the plug on subsidies for electric trucks

    Like it did with passenger EV rebates back in December, Germany has decided to pull the plug on subsidy programs for electric semi trucks and city buses. What happens to the nation’s commercial EV market now?

    If you’re a regular Electrek reader, you probably believe that Germany acted prematurely when it cut its EV subsidy program in December (a full year earlier than expected). Combined with rapid global inflation driving up vehicle prices and governments throughout the EU pouring money into hydrogen refueling and you might think a drop in EV sales is almost inevitable that the country.

    That said, this might not be bad news.

    See, when the German government established the funding program for climate-friendly commercial trucks back in 2021, the subsidies were seen as a highly effective tool to drive up demand for electric vehicles in the medium- and…

    Read the full article originally published at electrek.co.

    Electrek
    Electrekhttps://electrek.co
    News, reviews, and analysis of the electric vehicle market. We provide coverage of the entire sustainable ecosystems and related products.
    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    - Advertisment -

    Most Popular

    Recent Comments