Germany is reinstating EV subsidies after a sharp sales drop, rolling out a 3 billion-euro program offering 1,500-6,000 euros per buyer starting in May and running through 2029. Unlike some neighboring countries, the incentives are open to all manufacturers with a focus on low- and middle-income households. From a report: "I cannot see any evidence of this postulated major influx of Chinese car manufacturers in Germany, either in the figures or on the roads -- and that is why we are facing up to the competition and not imposing any restrictions," German Environment Minister Carsten Schneider said at a Monday press conference. The decision is a major boon for affordable Chinese automakers like BYD that are steadily gaining ground in the European market, [Bloomberg noted]. Germany's green-light for Chinese EVs stands in stark contrast to other nations' approaches. In the UK, subsidies introduced last year effectively excluded Chinese battery-powered vehicles, while France's so-called social leasing scheme includes similar restrictions. [...] Germany maintains strong diplomatic ties with China. German automakers are among the most significant players in China's automotive industry. Over the past years, China's policies -- including purchase subsidies and purchase tax reductions -- have not excluded models or automakers from specific countries. Whether German automakers like Volkswagen or American automakers like Tesla, all enjoy national-level purchase incentive policies in China on par with domestic automakers.
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