This year, the Ministry of Climate Protection financed the purchase of electric vehicles and the associated infrastructure with more than 167 million euros. The subsidies are popular, the subsidy pool for 2022 has long been used up. But how will things continue in the new year, given the extremely high electricity prices?
The financing practice in Europe is very different: in Germany, subsidies will decrease in 2023, in Sweden, subsidies for purchases will be completely abolished. This is justified by the fact that half of new car sales are now subsidized and that the purchase and operating costs of electric cars and internal combustion engines are aligned. In addition, the EU will no longer allow combustion engines from 2035, so that the switch to e-mobility no longer needs to be subsidized. Is Austria also following this path? We’ve done some research.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
