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20 Dec
12:54

Carmakers to cover EV subsidy after Germany ends funding

Multiple carmakers, including Volkswagen, Mercedes-Benz, and Tesla, say they will cover a subsidy for German electric vehicle buyers after the German government ended its EV subsidies this week. Amid a budget crisis, the federal government last week announced a series of measures to save €17 billion ($18.6 billion) in next year’s budget. As part of this, the government said Sunday its EV subsidy programme, set to end in late 2024, would terminate on 18 …
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