Economic stimulus package: purchase premium for electric cars is doubled

The leaders of the black-red coalition have agreed to a € 130 billion stimulus package in the fight against the corona crisis after 21 hours of negotiations. There will not be a purchase premium for cars with combustion engines previously demanded by the auto industry and Union politicians; however, the negotiators decided significantly higher premiums for electric cars.

The purchase premiums for the purchase of climate and environmentally friendly electric cars are doubled. The federal government’s funding for the existing “environmental bonus” is set to increase from 3,000 to 6,000 euros by the end of 2021 for electric vehicles with a net list price of up to 40,000 euros. There is also funding from the manufacturers. The purchase of more climate-friendly trucks, airplanes and ships is also to be promoted. On the other hand, taxes for cars with high emissions are to be increased.

The coalition also plans to invest an additional 2.5 billion euros in the expansion of the charging network for electric cars and to promote research and development in battery cell production, for example. For future investments by manufacturers and the supply industry, a “bonus program” in the amount of two billion euros is to be launched for 2020 and 2021.

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Part of the package is a temporary cut in VAT. From July 1 to December 31, 2020, the VAT rate will be reduced from 19 percent to 16 percent and for the reduced rate from 7 to 5 percent, according to a decision paper. The reduction in VAT was also the reason why the CDU / CSU could forego the purchase premium for cars with a combustion engine, said the Bavarian Prime Minister Markus Söder, according to the dpa.

Citizens should also be relieved of electricity costs. To this end, the EEG surcharge for the promotion of green power plants is to be reduced from 2021 through grants from the federal budget. The coalition leaders also agreed on additional billions of euros in support for industries particularly affected by the Corona crisis. “Bridging aids” are planned to a maximum of 25 billion euros.

The package is designed to help families, workers, businesses and municipalities financially in the face of the strain of the pandemic. The package will not permanently over-indebt Germany, said Söder. A large amount had been agreed, but was justifiable because of the federal reserve.

Many of the measures adopted are limited in time, “we are betting on the economic upturn,” said Berlin. For an export-oriented country like Germany in particular, it is crucial in the current situation that domestic demand is increased. (with material from dpa) /

Seat Mii electric, an electric car for the city.
(Image: heise online / Florian Pillau)


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