Olaf Scholz, the Federal Finance Minister of Germany, is planning to implement a series of preferential tax policies for electric vehicles. The fiscal and tax subsidies for electric vehicles and electric bicycles are expected to last until 2030.

Olaf Scholz, the Federal Finance Minister of Germany, is planning to implement a series of preferential tax policies for electric vehicles. The fiscal and tax subsidies for electric vehicles and electric bicycles are expected to last until 2030. At present, Germany's preferential policy plan on electric vehicles will be implemented until 2021. It is understood that in the middle of February this year, Scholz promised to significantly extend the implementation time of fiscal and tax incentive policies, and the German Ministry of Transport also agreed with this proposal.

The incentive measures proposed by Scholz include several aspects. In addition to extending the subsidies for the company's vehicles, he also suggested that the purchase cost of all electric vehicles should be significantly reduced from next year. He also plans to provide convenience for enterprises to rent electric vehicles and reduce the tax burden. Scholz also advocates to encourage the use of bicycles through tax relief.

The industry believes that Scholz will definitely require all departments to jointly undertake these fiscal and tax support policies, especially the Ministry of Economy. It can be seen that the German government is subsidizing and supporting electric vehicles in many ways. Recently, NPM, a famous consulting agency in Germany, also recommended the German government to take active measures to strengthen climate protection in the field of transportation.

Germany is accelerating the layout of the electric vehicle industry. In addition to automobile subsidies, it has also encouraged and supported power batteries for many times. In November last year, German Economy Minister Artemire made a commitment that the German government will provide financial subsidies of up to 1 billion euros to the electric vehicle battery industry before 2021. BMW, Volkswagen, French Mark Group Germany, BASF and other enterprises have applied for subsidies to the German Ministry of Economy.