Germany is reinstating its electric vehicle (EV) subsidy program with $3.5 billion in federal funding through 2029. The new scheme, effective January 1, 2026, will provide incentives ranging from $1,740 to $7,000 per vehicle, aiming to support the domestic automotive sector amid rising costs and competition from Chinese EVs. The funding is expected to subsidize approximately 800,000 EV sales over the next few years.
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