Hyperdrive
Germany’s Budget Chaos Sows Uncertainty For the EV Industry
It’s still unclear if and when billions of euros in aid for key infrastructure, including charging stations, will be available.
German Chancellor Olaf Scholz, right, sitting next to Economy and Climate Minister Robert Habeck.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
Scarce charging stations and shrinking subsidies already have contributed to a slowdown in Germany’s rollout of electric vehicles. Now, the industry is bracing for another potential roadblock.
Chancellor Olaf Scholz’s government had earmarked some €212 billion ($231 billion) through 2027 for projects including charging stations, battery plants and semiconductor factories. A surprise ruling by the nation’s top court has upended fiscal planning and raised doubts as to whether all the funds still will be available.