Germany is to earmark up to 900 million euros ($983 million) in subsidies to expand electric vehicle charging stations for households and companies, the transport ministry said on Thursday.
Europe's biggest economy currently has some 90,000 public charging points and aims to have one million by 2030 in hopes of boosting growth in electromobility as it targets carbon neutrality by 2045.
High prices, limited range and a lack of charging stations, especially in rural areas, are seen as the main reasons for the lag in electric vehicle sales. Up to 500 million euros in subsidies will be available from this autumn to promote electricity self-supply at private residential buildings, with the prerequisite that residents already own an electric car, the ministry added.
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