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German government may subsidies electric cars

(Reuters) – Germany may subsidize electric cars after the next general election in order to meet a lofty goal of 1 million fossil fuel-free vehicles on the road by 2020, according to Chancellor Angela Merkel.

“The question of how we will tackle this during the next legislative period (starting late 2013) and whether one needs more incentives – that will be decided when the time has come,” Merkel told reporters on Monday.

She was speaking after a meeting of a group set up to devise Germany’s electric-mobility plans, which includes experts from industry, science, unions and politics.

The German government has pledged 1 billion euros ($1.3 billion) of federal research spending on electric cars and battery technology and is planning other steps such as granting 10 years exemption from vehicle tax to owners who buy their fossil fuel-free cars before December 31, 2015.

By comparison, the French government has offered to increase cash incentives for buyers of electric cars to 7,000 euros from 5,000 euros and to double subsidies on hybrid vehicles to 4,000 euros.


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