Surge in EV demand blows past German government’s subsidy forecasts

🇩🇪 Politico Europe (DE) —

AI Summary

Demand for electric vehicles in Germany has exceeded the government’s forecasts for its subsidy program. The scheme, originally expected to run through 2029, could run out of funding by the end of next year.

The government expected its EV subsidy scheme to run through 2029 — it may be out of cash by the end of next year.

Politics Markets Energy Germany electric vehicles EV subsidies government funding vehicle demand energy transition

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