German Cabinet Approves Additional Tax Incentives for Corporate EV Fleets Amid Volkswagen Woes

Sep 4, 2024, 09:51 AM

The German cabinet, led by Chancellor Olaf Scholz, has approved additional tax incentives for corporate electric vehicle (EV) fleets. This decision comes amid Volkswagen Group's ongoing crisis, which may also lead to the reintroduction of battery electric vehicle (BEV) purchase incentives in Germany. The primary beneficiary of these incentives is expected to be Tesla, given its leadership in the EV segment. A source says the cabinet has agreed on proposals for tax relief on EVs.