How subsidies are making electric cars free in Europe
With deals cheaper than a cellphone contract, a pandemic seems to be the perfect time to go electric
Bonn/Berlin — Car buyers in Europe can now get their hands on a brand-new electric vehicle (EV) for less than the typical cost of a cellphone contract. Thanks to newly generous subsidies, some are even free.
Shoppers have swarmed virtual showrooms in Germany and France — the region’s two largest passenger-car markets — after their national governments boosted EV incentives to stimulate demand. Their purchase subsidies are now among the most favourable in the world, according to BloombergNEF...