Stellantis Named Ideal Power Finalist in 2023 Stellantis Venture Awards

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Carmakers to cover EV subsidies after Germany cuts funding

December 19, 2023 10:22 AM EST

Following the termination of the German state-funded scheme for electric vehicle (EV) buyers, automotive giants Audi, Mercedes-Benz, Stellantis (NYSE: STLA), and the Volkswagen have stepped up to start their own subsidy programs.

Despite their efforts to support EV purchasers, these manufacturer-backed incentives are set to conclude well before the previously intended end date of the state scheme, which was scheduled to run... More