Black and Red Wants Depreciation: Federal Government's E-Auto Plan Splits the Sector

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How does Germany manage to bring more e-cars to the streets? The Federal Government proposes new depreciation options. The industry itself finds the idea viable, but doubts that the step will bring about great results. Many necessary incentives would be lacking in the concept.

elektroauto-news.net

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The automotive industry views the federal government's plans to promote electric cars with mixed feelings. According to the German Association of the Automotive Industry (ZDK), the measure is unlikely to provide a noticeable boost to the spread of electromobility. The Federal Ministry of Finance (BMF) is planning a so-called investment booster for e-mobility, which essentially provides for a declining-balance depreciation rate of 75 percent on t…