Germany’s €3 Billion EV Subsidy Will Be Open to Chinese Brands

Germany’s €3 billion ($3.5 billion) subsidy program for electric vehicles will be open to all manufacturers, including Chinese brands, as the government seeks to revive sales in Europe’s largest car market.

The incentive, unveiled Monday, is part of a renewed push to boost electric-car adoption and support the struggling auto industry after demand slumped when subsidies ended in late 2023. While the government aims to support local carmakers, it will not impose origin-based restrictions.