The German Government announced this Saturday that it will end early on Monday a subsidy for the purchase of electric cars, after the ruling of the Constitutional Court (TC) that declared void the transfer of thousands of millions of euros linked to the pandemic to a fund to finance the transformation of the economy.
“In the framework of the negotiations on the Climate and Transformation Fund (KTF), on December 13 it was decided to end support through the environmental bonus as soon as possible,” the Ministry of Economy and Protection said in a statement. of the weather.
The subsidy, through which buyers of an electric car could save up to 6,000 euros, will end on Monday instead of next year, he explained.
End of aid
The early end of this measure is due to the recent ruling by the Federal Constitutional Court, which in November declared null and void the transfer of 60 billion euros from a fund created as a result of the pandemic to the KTF, exposing a multimillion-dollar hole in the budget. of the German State.
The coalition of social democrats, greens and liberals announced on the 13th an agreement to close this hole, but to do so it will have to make cuts in several items allocated for 2024, included in some subsidy programs for the fight against climate change.
“The plan for the KT must be redrafted and has fewer resources available,” the ministry led by Green Robert Habeck stressed in the statement. According to his portfolio, since 2016, a total of around 10 billion euros have been paid as part of the environmental bonus for around 2.1 million electric vehicles. “The financing program was very successful and significantly advanced electromobility in Germany, the ministry said.
