Germany's transport ministry said the country will allocate up to 900 million euros ($983 million) in subsidies to increase the number of electric vehicle charging points for homes and businesses.
Germany, Europe's largest economy, currently has about 90,000 public charging points and plans to boost that to 1 million by 2030 as part of an effort to boost the adoption of electric vehicles, with the country aiming to be carbon neutral by 2045.
According to the KBA, Germany's federal motor authority, there were about 1.2 million pure electric vehicles on the country's roads at the end of April, well below its target of 15 million by 2030. High prices, limited range and a lack of charging stations, especially in rural areas, are cited as the main reasons why EV sales are not picking up quickly.
The German transport ministry said it would soon launch two funding schemes to support private households and businesses to build charging stations using their own power sources. Starting this autumn, the ministry said it would offer subsidies of up to 500 million euros to promote self-sufficiency in electricity in private residential buildings, provided residents already own an electric car.
From next summer, the German transport Ministry will also set aside an additional 400 million euros for companies that want to build fast-charging infrastructure for electric commercial vehicles and trucks. The German government approved a plan in October to spend 6.3 billion euros over three years to rapidly expand the number of electric vehicle charging stations across the country. A Transport Ministry spokesman said the subsidy scheme announced on June 29 was in addition to that funding.
In this sense, the growth of overseas charging piles is ushering in a huge outbreak period, and charging piles will usher in ten times the rapid growth of ten years.
Post time: Jul-19-2023
