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Are subsidies for electric cars coming to the EU?

Are subsidies for electric cars coming to the EU?

The European Union plans to introduce new subsidies for the purchase of electric cars in all member states.

German Chancellor Olaf Scholz confirmed the proposal during a speech at the World Economic Forum in Davos, Switzerland. In many EU countries, national subsidies for electric vehicles have been removed, which has led to a decline in sales. Now it seems that the European Union will reverse this trend with a joint European effort.

"I am glad that the Commission president accepted my proposal for harmonised support for electric cars across Europe," Scholz said, according to Bloomberg.


The proposal includes so-called purchase bonuses for anyone who buys an electric car in one of the EU countries. The EU is thus going in the opposite direction to the United States, where subsidies for electric vehicles have been removed.

For the German automotive industry, which is currently under great pressure, it would be a great help.

"Electric mobility is the future, there's no doubt about it. Anyone who suggests otherwise is harming our industry," Scholz said.

The President of the European Commission, Ursula von der Leyen, stressed the importance of respecting ambitious climate goals in the automotive industry. /Telegraph/