Volkswagen to pay subsidies to buyers of its ID electric cars
Vehicles delivered and registered this year will receive the full subsidy of up to €6,750 Those registered between January 1 and March 31 will receive €4,500, Volkswagen said.
Volkswagen said buyers of its ID electric vehicles will have their subsidy paid for by the automaker after the government ended a state scheme prematurely.
The offer will apply to private customers in Germany who ordered an eligible vehicle from the all-electric ID range before December 15, it said.
Vehicles delivered and registered this year will receive the full subsidy of up to €6,750 Those registered between January 1 and March 31 will receive €4,500, Volkswagen said, in line with a reduced subsidy offered in the state scheme before it was scrapped as part of a revised 2024 budget.
"We see it as our responsibility to support the system change towards electromobility," said Imelda Labbé, Volkswagen board member for sales, marketing, and aftersales.
Germany's economy ministry ended the seven-year subsidy programme for electric vehicles on Monday, scrapping plans to offer reduced subsidies until the end of 2024.
Chancellor Olaf Scholz's Social Democrats and opposition conservatives criticised the move, saying it would hit German carmakers already struggling to bring down prices to match Chinese and US competitors.
Stellantis recently said it would fund the full subsidy until December 31. It said after that it would offer a reduced subsidy for customers who register their vehicles by February 29.
Meanwhile, earlier this month the European Commission proposed delaying by three years a tightening of local content rules that would have led to import tariffs on many electric vehicles traded between the EU and Britain from the start of 2024.
CONNECT WITH US TODAY
Be the first to know the latest news and updates
