Volkswagen announced on Tuesday that it will cover the subsidies for buyers of its ID. all-electric vehicles, following the premature termination of a state scheme by the German government.
The offer is applicable to private customers in Germany who placed orders for eligible vehicles from the ID. all-electric range before December 15, the automaker stated. Vehicles delivered and registered in the current year will receive the full subsidy, amounting to a maximum of 6,750 euros ($7,386). Those registered between January 1 and March 31 will receive a reduced subsidy of 4,500 euros, aligning with the revised state scheme before its discontinuation as part of the 2024 budget.
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“We see it as our responsibility to support the system change towards electromobility,” emphasized Imelda Labbé, Volkswagen board member for sales, marketing, and aftersales.
On Monday, Germany’s economy ministry concluded a seven-year subsidy program for electric vehicles, abandoning plans to extend reduced subsidies until the end of 2024. Chancellor Olaf Scholz’s Social Democrats and opposition conservatives criticized the move, expressing concerns about its impact on German carmakers striving to match prices with Chinese and U.S. competitors.
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Stellantis also declared on Monday that it would fund the full subsidy until December 31, followed by a reduced subsidy for customers registering their vehicles by February 29.
