Skip to comments.German industry demands subsidies for fossil fuel cars
Posted on 05/31/2020 8:46:32 AM PDT by Olog-hai
Germanys top industry body on Sunday called for sales subsidies on electric cars to be extended to fossil-fuel-powered vehicles.
Dieter Kempf, president of the Federation of German Industries (BDI), made the demand in the Welt am Sonntag newspaper.
Germanys powerful-but-struggling carmakers have been calling for the expansion of the subsidies on electric cars, in a bid to shore up their positions during the coronavirus-induced economic crisis.
In view of the crisis, it makes sense to introduce a further purchase bonus for at least 12 months in addition to the environmental premium, provided that this premium is part of a cross-sectoral approach, Kempf said.
Kempf said the promotion is based on investment and climate protection. It therefore makes perfect sense to also promote vehicles with modern and efficient combustion engines in this context, if this does not dilute existing incentives for electric mobility, he said.
Rebates are currently available for the purchase of purely electric and hybrid cars.
(Excerpt) Read more at dw.com ...
Why not end ALL subsidies.
At first I thought this was a Babylon Bee article.
Well, that would take the abandonment of the social market economy that they’re so proud of.
Reality is stranger than satire.
Germanys top industry body on Sunday called for sales subsidies on electric cars to be extended to fossil-fuel-powered vehicles. Dieter Kempf, president of the Federation of German Industries (BDI), made the demand in the Welt am Sonntag newspaper.
That will be met with a flat, public refusal.
Good luck. Fossil fuels are evil.
Subsidies just suck the funds out of other taxpayers, don’t they? Why should drivers of fueled vehicles pay for somebody else’s privilege?
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