Germany to reportedly lower e-car premiums

State-funded financial incentives to buy electric cars in Germany will be reduced from next year after an agreement within the governing coalition.
The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 2.5 billion euros ($2.53 billion) is spent, according to the government sources.
Under the plan, first reported in the Handelsblatt newspaper, premiums for purely electric-powered vehicles priced below 40,000 euros ($40,488) will fall from 6,000 euros currently to 4,500 euros at the beginning of next year, and to 3,000 euros over the course of 2023.
The premium available for more expensive cars that run purely on electric power will drop to 3,000 euros at the start of next year from 5,000 euros currently. From mid-2023 this will only be paid out for vehicles valued at up to 45,000 euros, the sources said.