Chancellor’s focus: Merkel posing for photographs while holding a sketch of a Volkswagen AG’s (VW) ID.3 electric automobile with VW CEO Herbert Diess (second from right) as VW began mass-production of the electric car in Zwickau, Germany on Monday. — Bloomberg
BERLIN: Chancellor Angela Merkel’s government and Germany’s carmakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine and reduce harmful emissions.
A so-called “Environment Bonus” will be raised by half to as much as €6,000 (US$6,680) per electric vehicle and the auto industry will continue to cover half the cost, Merkel’s chief spokesman, Steffen Seibert, said in a statement in Berlin. The changes will take effect this month and run through 2025, according to Bernhard Mattes, president of Germany’s VDA auto lobby.
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