May 10, 2019 / 2:36 PM / 6 months ago

German ministry wants to boost contribution to subsidies for electric vehicles

FILE PHOTO: Cars are parked in the car park of Simon car re-import company in Emmering near Munich December 8, 2008. It is the small- and mid-sized suppliers -- the Mittelstand -- that form the backbone of Germany's auto industry. Their health is crucial to the fortunes of the German economy, Europe's largest, and they are suffering.

BERLIN (Reuters) - The German Transport Ministry wants to increase and prolong subsidies for buying electric vehicles, sources told Reuters on Friday.

The sources said the government wanted to double to 4,000 euros ($4,495.60) its contribution to subsidies for electric cars with a value of up to 30,000 euros.

For electric cars worth up to 60,000 euros, the government wants to raise its subsidy contribution to 2,500 euros from 2,000 euros, the sources said.

They said the subsidies would run until the mid-2020s.

The German Transport Ministry declined to comment.

Reporting by Markus Wacket; Writing by Michelle Martin; Editing by Thomas Seythal

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