In order to cope with the budget gap, the German Ministry of Economy officially announcedEnd electric vehicle subsidy program early, a full year ahead of schedule. It is reported that since 2016,Germany has paid about 10 billion euros (currently about 77.8 billion yuan) in subsidies for about 2.1 million electric vehicles.. Last month, the German Supreme Court ruled that the government violated constitutional debt rules when it transferred 60 billion euros of funds used for the epidemic to the climate fund, which resulted in a huge hole in the German state budget.
After passing the emergency budget for 2023, the German government held several weeks of discussions and finally reached a budget agreement for 2024 last Wednesday, one of which was to end subsidies for electric vehicles.
The spokesperson said: "This is certainly sad news for consumers, but there is nothing they can do about it because they already receive enough subsidies."
However, many media and institutions in the country have expressed opposition to this approach, and some analysts say that this decision may have dramatic consequences;Will it affect Germany’s goal of 15 million electric vehicles on the road in 2030?.
Some critics believe that this move will cause Germany to fail completely in facing the challenges of electrification from the United States and China, and completely lose its advantage as a leader in automobile manufacturing.