German auto stimulus to boost Volkswagen's electric push
) electric push while penalising heavy sports utility vehicles with new staggered taxes for polluting combustion-engined cars.
Buyer incentives for passenger cars, including a lowering of value added tax to 16% from 19% were included as part of a 130 billion euro stimulus but analysts said it would not be enough to significantly boost car demand. Germany included a 6,000 euro incentive for battery electric cars costing below 40,000 euros, bringing consumer incentives for electric cars to 9,000 euros once a 3,000 euro manufacturer stipend is included. [nL8N2DH2E8]
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