Charging Electric Cars with Solar Power Costs Half a Billion Euros
Charging Electric Cars with solar power cost under this new project, electric vehicle owners will be provided with an investment of up to twelve thousand euros for the installation of modern charging stations. This subsidy scheme will be on a first come first serve basis. The German government has launched a new subsidy program for charging electric cars with solar energy. Under this project, an amount of five hundred million euros will be spent on the purchase and installation of charging stations with photovoltaic systems and solar power storage units.
Ministry of Transport and Digital Infrastructure
According to the Federal Ministry of Transport and Digital Infrastructure (BMDV) and the State Development Bank (KFW), an investment grant of up to 10,200 euros will be made available to building owners who already drive electric vehicles or have placed an order for purchase for Charging Electric Cars. Applications in this regard can be submitted online to KFW from Tuesday. The adage “first come, first serve” will be applicable in this situation. According to the Ministry of BMV, the maximum amount of funds can be availed only by those who also allow their vehicle battery to discharge. In this way, the battery can act as a small part of the reserve, from which electricity can be fed back into the grid or used in your home if needed.
German Government
It should note that the German government continues to work on several projects. To popularize environmentally friendly fuels. Under which German citizens are encourage to abandon the use of environmentally harmful fuels. So the new hybrid car project and Charging Electric Cars stations are being encourage.
Domestic Car Industry
In addition, the German government and the domestic car industry had previously agreed to increase joint financing for the purchase of electric cars. The duration of the project was also extend. The German government and the domestic car industry announced a joint funding increase for the purchase of electric vehicles, on the same day that German carmaker Volkswagen announced the start of production of its new electric cars.
Hybrid Car
Under this new agreement, the government subsidy for electric cars price below 40,000 euros has increase to 6,000 euros. Previously, it was four thousand euros. Similarly, a hybrid car of the same price will now given a subsidy of four and a half thousand euros instead of three thousand euros. Likewise, twenty-five percent of the subsidy is give to a car worth more than forty thousand euros. Will increase up to 60,000 Euros, while vehicles worth more than 60,000 Euros are not include in this plan, meaning no discount will given to them.
Government and the Automobile Industry
All these subsidy amounts will borne jointly by the government and the automobile industry. Similarly, the duration of this concession scheme was extend from 2020 to 2025. Apart from this, it was also agree to expand the infrastructure require for electric vehicles. This means increasing the number of charging stations etc. According to the government, it will spend three and a half billion euros for this purpose. According to the announcement, fifty thousand more charging stations will built by 2022. Today this number is twenty-one thousand. Similarly, by 2030, the government plans to increase the number of such stations to one million.
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