With most developed countries looking to a carbon emission-free future, electric vehicles (“EVs”) have emerged as the next phase of vehicular travel. Powered by clean, renewable energy and with zero emissions, and cheaper to run and maintain in the long run compared to traditional vehicles, electric cars play a huge role in reducing how much carbon is produced on our roads. However, the initial purchase price of most EV models prevents a large chunk of the population from going green.
To combat this barrier to widespread EV adoption, several governments have created subsidy programs to make electric vehicles more affordable. If you are a prospective car buyer in Europe, especially Germany, you will be happy to know about national government subsidies so generous that you can get your hands on an electric vehicle for free. According to BloombergNEF, Germany and France’s purchase subsidies are now among the most favorable in the world, with shoppers swarming virtual showrooms…
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