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Electric cars as the engine of European recovery



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Electric cars as the engine of European recovery


Germany and France plan to dedicate powerful stimulus plans to boost the electric car sector. And they are not the only ones in Europe.

European countries make plans for reconstruction and at this point there is an important sector. It’s the automotive one. An industry that has traditionally had an enormous weight in the economy. Within it some countries have opted for electric cars in the recovery.

Germany and France have established certain plans to promote the electric ones. The first to announce its initiative was the French government. prI received aid of more than 8,000 million euros. These include support to acquire a vehicle of this type and speed up the installation of chargers.

The aid for buyers can amount to up to 7,000 euros. While the country wants to have 100,000 charging points by 2021, Germany’s plan is along the same lines. Berlin will promote the electric ones with incentives of 6,000 euros for models costing less than 40,000 euros. Counting on the subsidy to which the manufacturers will have access, an aid of 9,000 euros per vehicle could be obtained.

Starting in 2021, Germany will lower the threshold for paying more taxes on polluting cars. It has also rejected aid for the combustion engine in exchange for devote them to increasing the recharging infrastructure. Gas stations in the country must have charging points.

They are big steps in the same direction. The boost of electric cars in the economic recovery is guaranteed with measures of this type. But the whole sector is moving in that direction. Germany plans to ban internal combustion cars by 2030.

Keep in mind that car sales have collapsed in these months. Just for reference, in Germany 49.5% fewer vehicles were sold in May, while in April the drop was 61.1%.

The plan in Spain

The Spanish government also has a plan to encourage electric cars. Is about a stimulus of 3,750 million euros earmarked for aid for the purchase and deployment of recharging infrastructure.

2,690 million euros will be invested in the industry value chain in the next two years. while 250 million euros will be allocated to the renovation of the park with a view to creating a more sustainable and efficient one. The aid for the purchase may reach 6,500 euros.

These are measures that come at a time when the automotive industry was already turning towards the alternative engine. The momentum of electric in the recovery will help improve sales data. A figure that has taken a great leap in the last year.