Government’s support programme for e-cars benefits Tesla in particular – analysis

The German federal government’s new support programme for electric vehicles benefits Tesla in particular, economics correspondent Philipp Vetter writes in Die Welt. The programme, which runs until the end of 2021, allows employees who drive company electric cars for private purposes to pay 50 percent less each month in their so-called “non-cash benefit”. Thus, the more expensive the vehicle, the greater the tax break, according to Vetter. Because some Tesla models cost between 60,000 and 120,000 euros, employees who drive the American cars are entitled to a particularly substantial tax break, Vetter writes.

Read the article in German here.

For background, read the dossiers The Energiewende and German carmakers and The energy transition and Germany’s transport sector.