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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now