Germany Restores EV Purchase Incentives to Boost Uptake

Germany is bringing back strong support for electric vehicle buyers after seeing how quickly sales dropped when earlier subsidies were removed. For the past two years, the market has struggled because many people felt new EVs were too expensive without government help. Now the country is reversing course with a new plan designed to make electric cars more affordable and to protect its important auto industry.

American auto firms like Rivian Automotive Inc. (NASDAQ: RIVN) can only wish that the federal government in their domestic market also shifts its stance against EVs and implements policies to…

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