German EV subsidy spending may exhaust the €2.7 billion fund by end of 2027
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Germany planned its electric-vehicle subsidy scheme to run through 2029, but a 2027 federal budget document seen by WELT says the full €2.7 billion could be spent by late 2027. BAFA had approved 100,000 applications and paid over €430 million by early October; at the current pace, 2026 spending could reach €1 billion, and 2027 payouts are now expected at €1.7 billion against €803 million originally earmarked.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu