Germany sets out 500 million euros for electric car charging

by SpeedLux
Berlin, Germany

The German economy ministry wants to set out 500 million euros ($567 million) from Berlin’s bumper stimulus package for lending supporting to the roll-out of charging stations for electric cars, two government sources informed Reuters on Tuesday.

The amount, part of 2.5 billion euros specifically intended at expanding electric vehicle infrastructure, will be aimed at private users, including households and builders, the sources stated.

Berlin intends to setup about one million public charging spots by 2030, increasing from 27,730 currently, a key step in addressing customer’s concerns about the driving range of battery-powered cars, which until now account for just 0.6% of vehicles on German roads.

It also addresses criticism from utility companies, such as E.ON, which have called for support for households along with incentives for public chargers, which are 40-50% subsidized.

The ministry also suggested investing an extra 1.5 billion euros on supporting domestic battery cell production, which would more than double present funds for that purpose, the sources stated.

The rest of 500 million euros of the overall 2.5 billion euros should be set out for research and development, the sources added.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More