Germany's abrupt termination of EV subsidies will burden European carmakers

Peng Chen, DIGITIMES Asia, Taipei Monday 18 December 2023 0

The end of Germany's EV subsidy will damage the competitiveness of carmakers. Credit: AFP

Europe's largest car-producing country has unexpectedly terminated its EV subsidy program. Germany has paid about EUR10 billion (US$10.9 billion) to encourage EV adoption. The move is expected to take a toll on the country's automotive industry.

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