Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020
12
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

Volkswagen welcomes German government’s scheme to support low-emission cars

November 18, 2020

HAMBURG/FRANKFURT (Reuters) – Volkswagen <VOWG_p.DE> on Wednesday said the German government’s 3 billion euro ($3.57 billion) scheme to support low-emission cars sent a strong signal Berlin would help lift the country’s key export industry out of the coronavirus and climate crises.

Germany on Tuesday earmarked fresh cash to help the industry, which is facing tough competition from Chinese and U.S. rivals in electric mobility, to overcome a collapse in demand caused by the coronavirus.

A central element of the scheme is the allocation of 1 billion euros to extend to 2025 a consumer rebate for buying electric cars that had been due to end next year.

“The extension of the innovation rebate for passenger cars will further accelerate the ramp-up of electric mobility and thus drive the change to sustainable mobility,” the world’s largest carmaker said in a statement.

“At the same time, by rapidly expanding charging infrastructures, the German government is creating the necessary trust among customers for an easy and smooth transition to e-mobility,” it added.

A further billion euros will be used for a scrappage scheme for older trucks to help logistics companies and municipalities modernise their fleets while another 1 billion euro fund will finance innovation.

Stephan Weil, premier of the state of Lower Saxony where Volkswagen is based, said transformation and digitisation processes urgently needed a boost.

“The faster a nationwide charging network is created and supplied by renewable energies, the more customers will choose electric vehicles,” said Weil, who is a supervisory board member at Volkswagen.

Charging spots for electric vehicles in Germany have been rolled out quickly this year, with the burden to expand largely being placed on utilities, but many spots are underused as only 240,000 fully electric cars are on the road, according to energy group BDEW.

($1 = 0.8414 euros)

(Reporting by Jan Schwartz and Vera Eckert; Editing by Michelle Adair)




Read also

Hong Kong Reportedly Sentences Three Activists to Prison for Role in Protests Last Year

Google Maps now reveals best restaurants for YOU in local area

How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty



News, articles, comments, with a minute-by-minute update, now on Today24.pro




Today24.pro — latest news 24/7. You can add your news instantly now — here