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Europe: BMW CEO Urges German Government to Immediately Enact a Plug-In Vehicle Subsidy Law

BMW’s CEO is calling upon the German government to pass laws to subsidize the purchase of plug-in vehicles, including the upcoming BMW i3.
BMW chief executive officer, Norbert Reithofer, is urging Germany to enact a law that will provide tax subsidies for plug-in vehicles. The German goal is to have at least one million electric vehicles on its roads within the next eight years. But without subsidies, Reithofer says the goal is beyond reach.

As Reithhofer told Financial Times Deutschland, “Last year, we sold just 2,000, including 100 at retail. Because of the high purchase prices for electric cars, there is a need for incentives…for example, the tax law.”
Source plugincars.com

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