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Germany Ready to Give Subsidies for Electric Cars

Germany prepared to subsidize the electric car out there. Subsidies that are designed to stimulate in order to achieve the target of 1 million electric cars on the streets of Germany in 2020.

However, German Chancellor Angela Merkel said that the subsidy can only be done after the elections conducted in 2013.

However, the plan has been finalized after the German government established a special team to make plans related to the development of electric cars in the German population. A special team was made up of experts in the fields of industry, science, trade and politics.

The German government also promised to contribute 1 billion euros to stimulate research and technology related to electric car batteries. Steps are ready they do include vehicle tax exemption for 10 years for car owners who give their electric cars before December 31, 2015.

Previously, France also has issued subsidies for electric and hybrid cars by giving cash incentives to buyers.

Daimler CEO Dieter Zetsche before meeting with talk on ZDF television Markel told Auto News that Daimler is actually not expecting electric car sold more than 600,000 units in Germany in 2020 without subsidies ‘French style.’

During the first 8 months of this year, there were 2272 registered electric cars in Germany. That number is too small when compared to overall passenger cars sold there. The percentage is only 0.1 percent of the 2.1 million passenger cars were sold.